SKHX is trading at $11.30, down 5.44%, as its underlying faced a sharp selloff amid concerns about Chinese memory-chip competition and AI investment sustainability. - SKHX is the 2x-long daily SK Hynix ETF. Bloomberg reported SK Hynix shares fell about 10% on October 13 amid those concerns. - Reports also cited CXMT’s planned next-generation server DRAM and continued foreign selling as contributors to pressure on Korean chip shares; no separate SKHX-specific overnight announcement was found.