South Korean leveraged ETFs continued their rebound today. As of publication, the CSOP SK hynix Daily Leveraged (2x) Product (07709) rose 6.06% to HK$16.81, while the CSOP Samsung Electronics Daily Leveraged (2x) Product (07747) gained 5.87% to HK$40.38.

On the news front, South Korean stocks opened lower this morning but turned higher, with the Kospi index extending gains to over 1% as of publication. Among individual stocks, SK hynix climbed more than 2%, and Samsung Electronics advanced 1.68%.

U.S. AI cloud giant CoreWeave released its third-quarter results after the bell on November 10 U.S. Eastern Time, reporting revenue of US$3.661 billion, up 168% year-over-year, beating market expectations of roughly US$3.55 billion. Its full-year revenue guidance was raised from US$12.4 billion to US$13.2 billion, now set at US$13 billion to US$13.3 billion. This indicates that despite persistent market concerns about slowing AI infrastructure demand, related demand remains robust.

Notably, Morgan Stanley analyst Shawn Kim broadly cut target prices for memory stocks, warning that the industry will face an "earnings cliff" in 2028. However, in terms of stock selection, Kim still upgraded Samsung Electronics to top pick, reasoning that at the late stage of the cycle, he prefers "the largest, most capital-rich, and strongest-scale tech leaders." For SK hynix, he maintained an overweight rating, believing its HBM leadership, strong 2027 earnings, and long-term agreement (LTA) protection for 2028 continue to provide support.