On August 4, CSOP SK Hynix Daily (2x) Leveraged Product fell 8.47% at open, trading at 32.38 HKD/share, with turnover of approximately 48.92 million HKD. The product is a 2x leveraged ETF tracking SK Hynix, whose Korean-listed shares reversed from gains of over 2% to losses exceeding 4% during the session, amplifying losses in the leveraged product.

On the news front, UBS cut its target price on SK Hynix from 3.2 million KRW to 3.0 million KRW, noting that while the company has signed long-term supply agreements faster than expected — currently 10 contracts with US hyperscale cloud providers and major OEMs — the LTA structure may compress short-term average selling price upside. The bank views LTAs as longer-term positive for margins and returns.

The broader Korean market also weighed on sentiment, with the KOSPI index reversing from gains to a decline exceeding 2%, and Samsung Electronics falling over 3%, pressuring the memory sector overall. Additionally, Korean regulators previously raised cash deposit requirements for retail traders in single-stock leveraged ETFs to 30 million KRW, with ongoing deleveraging 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.)