SK Hynix Continues to Plummet, Hong Kong Stock Double-Leveraged ETF Nears Halving

BlockBeats News, July 7th, according to Bitget data, this morning, the South Korean stock market ignored Samsung Electronics' better-than-expected earnings forecast and continued to open lower. As of the time of writing, SK Hynix has fallen by 5%.

As a result, the Hang Seng Index plunged due to this impact, and the Southern doubled its long position in Hynix (07709) from a high of HK$193.65, quickly dropping. It is now trading at HK$99 in pre-market trading, almost halving from its peak.