🔴 SK Hynix 2x Leveraged ETF (7709.HK) is trading 12.01% down on October 13 on CXMT progress

7709.HK is trading at HK$28.00, down 12.01%, as CXMT’s progress on denser 4F² DRAM raised concerns about stronger competition and future memory-chip pricing pressure.

• SK Hynix shares fell more than 3% on October 12 as the news weighed on South Korean memory-chip stocks.
• The sector weakness is consistent with a reported 4.07% decline in memory chips.
• The product’s 2x leveraged exposure can magnify moves in SK Hynix.