🔴 SK Hynix 2x ETF (7709.HK) is trading 3.11% down as SK hynix falls on foreign selling

7709.HK is trading at HK$36.10, down 3.11%, as memory-chip shares weaken.

• SK hynix shares fell nearly 3% in Seoul amid heavy foreign selling and caution ahead of Samsung’s earnings update.
• Approaching lockup expiry on SK hynix’s U.S.-listed shares adds near-term selling pressure. Earnings concerns include slower memory-price gains, currency effects and whether elevated AI-memory demand expectations can be met.
• Rising oil and Treasury yields added risk-off pressure, but weakness in memory-chip shares was the clearest driver.