On September 9, CSOP SK Hynix Daily Max (2x) Leveraged Product rose 6.81% in regular trading, trading at 44.76 HKD, with turnover of 173 million HKD.
On the news front, S&P Global Market Intelligence indicated that, driven by the AI memory chip boom, SK Hynix may announce a new stock buyback plan of up to 40 trillion KRW in the fourth quarter, and would still be capable of distributing generous dividends even after executing the large-scale repurchase. The buyback expectation comes on top of persistently tightening memory supply conditions. A recent report from KB Securities warned that Samsung Electronics and SK Hynix memory chip inventories have fallen below 10 days of supply, with DRAM and NAND bit demand projected to exceed supply by more than 10 percentage points next year. As a 2x leveraged ETF tracking SK Hynix, this product amplifies the underlying stock's gains.
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