7709.HK is trading at HK$33.80, down 4.52%, amid Korean-market flows and semiconductor weakness.

  • On October 12, SK Hynix fell about 3% in early Korean trading as the KOSPI weakened; reports cited foreign selling, higher yields and cautious technology valuations.
  • The recent U.S.-share lockup expiry may create a supply overhang but does not show shares were sold; the 2x product is exposed to the underlying decline.
  • Elevated oil prices and rate concerns add broader risk pressure.