On August 10, CSOP SK Hynix Daily (2x) Leveraged Product declined 5.86% in regular trading, trading at HK$28.84, with turnover of HK$314 million.
On the news front, the underlying asset SK Hynix fell 3.92% on the US market in the previous trading session to $137.91, as the memory chip sector continued to face broad selling pressure. Additionally, reports indicated that SK Hynix is evaluating asset options for its Chongqing factory, including selling stakes to introduce investors at an estimated valuation of approximately $3 billion, fueling market uncertainty over the company's China business outlook.
As a 2x daily leveraged product, the ETF amplified the underlying asset's decline. The product has retreated over 85% from its June high of HK$193.65, reflecting sustained downside in the memory sector compounded by leveraged decay. Notably, the product switched to a flexible leverage structure on August 3, allowing leverage to be reduced to as low as 1.1x under extreme market conditions.
(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.)