7709.HK is trading 14.7% down today as its underlying asset, SK hynix, and the broader DRAM sector face a sharp selloff following earnings-related disappointment.
- The decline is driven by weak sentiment in the memory-chip industry and concerns over intensifying competition from Chinese manufacturers.
- As a leveraged product providing 2x daily exposure to SK hynix, the ETF has seen the underlying stock's double-digit drop significantly magnified in today's session.