🔴 SK Hynix Leveraged ETF (7709.HK) is trading 3.34% down amid Solidigm IPO concerns

7709.HK is trading at HK$38.20, down 3.34%, amid ownership and value-allocation concerns after reports Solidigm is weighing a US IPO.

• SK Hynix shares fell 5% in Seoul on September 28.
• The decline came amid broader Korean memory-stock weakness; Samsung Electronics also fell as investors took profits in large-cap technology shares.
• Rising oil and Treasury yields, geopolitical uncertainty and caution ahead of Micron earnings added pressure to the sector.