On July 24, CSOP SK Hynix Daily (2x) Leveraged Product declined 6.91% in regular trading, trading at 56.8 HKD/share, with turnover of 370 million HKD.

On the news front, the overnight US session saw broad-based selling pressure, with the Nasdaq Composite falling 2.15% and the S&P 500 declining 1.21%, as new Trump administration global import tariffs took effect on July 24. The Roundhill Magnificent Seven ETF dropped 4.63%, reflecting intensified risk-off sentiment across technology-related assets.

Despite storage stocks showing relative resilience overnight — SK Hynix ADR up 2.56% and Micron up 3.2% — the leveraged product faced significant profit-taking pressure after rallying approximately 10% on July 23 and 15% on July 22 from deeply oversold levels. The product had previously plunged nearly 50% in a single week amid Korean regulatory tightening of single-stock leveraged ETFs and Hong Kong SFC risk warnings. The 2x leverage effect amplified the pullback as broader market headwinds outweighed sector-specific tailwinds.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)