🔴 SKHX is trading 12.66% down in pre-market as AI-spending doubts hit semiconductor stocks

SKHX is trading at $10.55, down 12.66%, as the underlying chipmaker fell while investors reassessed AI spending and returns.

• SKHX is a 2x daily leveraged SK Hynix ETF; overnight weakness in U.S. tech shares, including sharp after-hours declines in Intel and Amazon, spread to Asian semiconductor stocks.
• Reuters reported SK Hynix fell 7.4% earlier in the day.
• SKHX gained 26.41% on October 28 and fell 3.03% on October 29; no SKHX-specific overnight catalyst was identified.