HK Movers|Leveraged 2x Long SK Hynix ETF Rises Nearly 10%; Hong Kong Memory Stocks Rally on Overnight U.S., South Korea Market Strength

Tiger Newspress
7 hours ago

Memory‑related stocks in Hong Kong traded higher collectively, boosted by strong performance among U.S. memory names overnight and rising memory equities in South Korea earlier in the session. The CSOP SK Hynix Daily (2x) Leveraged Product gained nearly 10%, while GIGADEVICE rose 4%, and CSOP Samsung Electronics Daily (2x) Leveraged Product, MONTAGE TECH advanced more than 3%.

On the news front, SanDisk held its investor day, projecting mid‑to‑high double‑digit annual operating revenue growth of 10%‑15% for fiscal years 2028 through 2030. The company guided for a Non‑GAAP operating margin of around 75%, free‑cash‑flow margin of 50%, and gross margin of roughly 80%. SanDisk surged more than 13% on Thursday in U.S. trading, and SK Hynix’s U.S.-listed shares climbed over 7%.

South Korean memory stocks also posted a strong early‑session performance. Samsung Electronics at one point gained more than 2%, and SK Hynix jumped over 6% intraday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10