The Southern double-long position on Micron has fallen over 80% since July, with a sharp drop of nearly 26% today.

BlockBeats News, July 29th. The South Korean stock market weakened today, and the Southbound double leveraged Hynix (07709.HK) also plummeted. As of the midday close of the Hong Kong stock market, the product's intraday decline reached 25.72%, with a total decline of 81.05% since July.

Data shows that the product's latest assets under management amount to HK$31.92 billion, shrinking by 70% compared to its peak. Another leveraged product under the Southern S&T Holdings linked to Korean chip stocks also experienced a sharp drop: as of the midday close of the Hong Kong stock market, the Southbound double leveraged Samsung Electronics (07747.HK) saw a daily decline of 16.56% and a monthly decline of 69.55%.