🔴 SK Hynix Leveraged ETF (7709.HK) is trading 4.06% down on fab expansion concerns

7709.HK is trading at HK$29.80, down 4.06% after SK Hynix announced 54 trillion won ($38.1 billion) for new DRAM and NAND plants, prompting concerns about substantial capital spending and future memory oversupply.

• SK Hynix fell 9.71% and Samsung Electronics declined 6.13% in the latest reported session amid a broader Asian technology selloff.
• The ETF’s 2x daily leverage amplifies the underlying stock’s decline and ongoing semiconductor volatility.