Movement Alert|CSOP SK Hynix Daily (2x) Leveraged Product Falls 6.26% in Regular Trading, SK Hynix Korea Reverses Lower as UBS Cuts Target Price

Market Focus
Aug 04

On August 4, CSOP SK Hynix Daily (2x) Leveraged Product declined 6.26% in regular trading, trading at 33.84 HKD/share, with turnover of HKD 494 million.

On the news front, the underlying stock SK Hynix reversed sharply on the Korean exchange, swinging from gains of over 2% to losses exceeding 4%, which was amplified through the 2x leverage mechanism. UBS simultaneously cut its target price on SK Hynix from KRW 3.2 million to KRW 3.0 million, noting that while the company's long-term supply agreement signing pace has been faster than expected — with 10 agreements already sealed including major US hyperscale cloud providers and large OEMs — the LTA progress may compress short-term average selling price upside.

The broader Korean KOSPI index also reversed from gains to losses of over 2% on the same session, with Samsung Electronics falling more than 3%, reflecting broad-based pressure across the memory sector. Additionally, Korean regulators previously raised cash deposit requirements for retail investors trading single-stock leveraged ETFs to KRW 30 million, with the ongoing deleveraging process continuing to weigh on related products.

(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.)

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