On June 10, CSOP 2x Leveraged Samsung Electronics (07747) declined 8.26% in regular trading, trading at 153.05 HKD/share, with trading volume of approximately 71.26 million HKD.
The decline follows the severe Korean market selloff that began on June 8, when the KOSPI index plunged over 8% and triggered a circuit breaker, halting trading for 20 minutes. Samsung Electronics fell as much as 11% intraday while SK Hynix dropped 10%, with both stocks hitting the daily limit down. The crash was triggered by the US Black Friday selloff on June 5, where the Philadelphia Semiconductor Index plunged 10.3% amid rising Fed rate hike expectations. Foreign investors net sold over $10 billion worth of KOSPI constituents in the prior week, pushing the Korean won to its weakest level since March 2009.
Structural vulnerabilities amplified the decline, as Samsung and SK Hynix together account for roughly half of KOSPI total market capitalization. Korean retail margin loan balances reached approximately 37.74 trillion won near record highs, creating forced liquidation risks. The Korean Exchange held an emergency meeting and pledged to strengthen monitoring of unfair trading and illegal short-selling activities.
(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.)