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13/10/2026 09:30

Southern Leverage SK Hynix ETF opens down over 14%, South Korean KOSPI index plunges over 6%

   Southern Leverage 2x Long SK Hynix (07709) opened 14.5% lower at HK$27.20. At current price, the stock has declined for two consecutive days, with a cumulative drop of 23.2%. The stock traded about 2.93 million shares, involving HK$79.69 million.

  Saudi Arabia was attacked by Yemen's Houthi militants for two consecutive days over the weekend, pushing oil prices higher. On Monday, U.S. tech stocks weakened, with the Philadelphia Semiconductor Index down 2.7% and Micron (US.MU) falling nearly 4%. Asian markets followed lower in early trading, with Japanese stocks down over 2% and South Korean stocks plunging over 6%, temporarily triggering a halt in program trading.

  SK Hynix is currently down about 8%, Samsung Electronics down over 6%. Korean ETFs listed in Hong Kong are broadly weak; Southern Leverage 2x Long Samsung (07747) opened 12% lower at HK$58.68; Southern KOSPI (03121) opened 5.3% lower at HK$5.96; A Southern Korea Call (03537) opened 5.1% lower at HK$8.485.

  Currently, the Hang Seng Index stands at 24,172, down 99 points or 0.4%, with main board turnover of nearly HK$2.5 billion. The Hang Seng China Enterprises Index is at 8,136, down 32 points or 0.4%. The Hang Seng Tech Index is at 4,129, down 39 points or 1%.
Table showing performance of related or same-sector stocks
Stock (Code)Current Price (HK$)Change (%)
XL2 Southern Hynix (07709)27.20Down 14.52%
XL2 Southern Samsung (07747)58.68Down 12.02%
Southern KOSPI (03121)5.96Down 5.32%
A Southern Korea Call (03537)8.485Down 5.14%
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