The CSOP SK Hynix Daily (2x) Leveraged Product (07709) plummeted 5.28% during intraday trading on Tuesday, reflecting amplified negative sentiment toward its underlying asset, SK Hynix.

The leveraged ETF's sharp decline comes as SK Hynix faces dual headwinds, including earnings constraints from long-term agreement pricing for its high-bandwidth memory products and investor concerns over bond investment speculation. These factors have triggered profit-taking and earnings downgrades for the memory chip maker.

Additionally, the broader memory sector is facing antitrust scrutiny and competitive pressures from a looming capacity expansion race, further weighing on sentiment toward SK Hynix and related chip companies. As a 2x leveraged product, the ETF magnifies both gains and losses in the underlying stock, resulting in the significant intraday decline.