🔴 SK Hynix 2x Leveraged ETF (7709.HK) is trading 9% down after South Korean semiconductor selloff

7709.HK is trading at HK$33.40 (-8.99%); the decline appears driven primarily by a sharp South Korean semiconductor selloff.

• SK Hynix fell 3.41% and Samsung Electronics dropped 8.70% on August 24, amid investor disappointment over shareholder-return measures and broader risk reduction.
• Profit-taking after SK Hynix’s recent rally and caution before Nvidia’s August 26 earnings pressured memory-chip and AI-related stocks; the ETF’s two-times leverage amplified the underlying weakness.