🔴 SK Hynix 2x ETF (7709.HK) is trading 4.11% down today as memory-chip shares weaken

7709.HK is trading at HK$38.30, down 4.11%, as weakness in memory-chip shares weighs on the fund.

• SK hynix opened 1.86% lower in Seoul on October 7 after a sharp drop the prior session. Foreign investor selling has weighed on Korean chipmakers, and investors question how long the memory boom can last.
• Sector caution ahead of earnings and concerns about delayed U.S. data-center projects add pressure.
• The fund’s 2x daily leverage amplifies its underlying stock exposure.