On August 3, CSOP SK Hynix Daily (2x) Leveraged Product declined 14.02% in regular trading, trading at HK$36.74, with turnover of HK$242 million. The sharp selloff was triggered by a broad Korean equity market rout.
On the news front, the Korean KOSPI index plunged as much as 5% in early trading, with SK Hynix falling over 7-8%, making it one of the primary drags on the benchmark. Exchange data showed foreign investors became the largest net sellers of KOSPI index constituents, while retail investors were net buyers and local funds also sold. Samsung Electronics similarly fell over 7%. Notably, this pullback follows a record 18% single-day surge in the KOSPI last Friday, during which SK Hynix soared 30%.
As a 2x leveraged product tracking SK Hynix daily performance, the ETF's decline was amplified relative to the underlying stock's drop, resulting in the double-digit intraday loss.
(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.)