7709.HK is trading at HK$39.00 (-9.05%) on September 14, 2026, after Kioxia CEO Hiroo Ota warned memory prices have risen sufficiently, weakening expectations for additional pricing gains.

  • Ota said sales teams should avoid pushing data-center customers toward substantially higher prices, prompting profit-taking across SK Hynix and related memory stocks.
  • Broader risk-off sentiment, Middle East tensions, and weaker technology futures likely added pressure.
  • As a 2x daily exposure product, 7709.HK amplified losses in SK Hynix.