7709.HK is trading at HK$46.64 (+5.28%), primarily tied to renewed strength in SK Hynix and broader memory-chip optimism.

  • AI demand, tight HBM capacity and strong South Korean semiconductor exports are supporting DRAM pricing.
  • Broader risk appetite improved as oil prices and Treasury yields declined, while September 21’s semiconductor rally reinforced momentum.
  • The ETF’s 2x structure magnifies the underlying move.