7709.HK is trading at HK$35.50 (-4.26%), reflecting weakness in its underlying SK Hynix exposure.

  • SK Hynix fell 3.60% in September 2 premarket trading as weakness in U.S. AI and semiconductor shares spilled into South Korean chipmakers.
  • Higher oil prices, rising Treasury yields, and Middle East tensions added broader risk-off pressure to growth-oriented technology stocks.
  • The ETF’s leveraged structure amplified the underlying semiconductor decline.