🟢 SK Hynix 2x Leveraged ETF (7709.HK) is trading 4% up on SK Hynix’s buyback program

7709.HK is trading at HK$41.24 (+4.04%) as SK Hynix’s share-repurchase and cancellation program supports its underlying shares.

• The program totals 40 trillion won, alongside shareholder returns exceeding 50% of cumulative free cash flow.
• SK Hynix shares rose 2.31% on August 21, providing roughly twice that directional exposure.
• TrendForce expects conventional DRAM contract prices to rise 13–18% quarter over quarter and NAND prices 10–15%, supporting optimism around AI-memory demand.