On August 6, CSOP SK Hynix Daily (2x) Leveraged Product fell 17.1% in regular trading, trading at HK$32.92/share, with turnover of HK$604 million.
On the news front, SK Hynix shares plunged over 8% intraday in Korean trading, while the KOSPI index tumbled more than 3%, directly weighing on this 2x leveraged ETF product. The selloff was triggered by overnight weakness in US tech stocks, as the Nasdaq index declined following disappointing earnings from companies including SpaceX and AMD, putting broad pressure on the technology sector.
Additionally, reports emerged that Samsung Electronics and SK Hynix are evaluating Chinese semiconductor equipment as a contingency against potential US export control risks, further dampening market sentiment. As a 2x leveraged product tracking SK Hynix, the ETF amplified the underlying stock's decline, resulting in the sharp intraday drop.
(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.)