🔴 SK Hynix Leveraged ETF (7709.HK) is trading 6.4% down on renewed South Korean chip weakness

7709.HK is trading at HK$34.10 (-6.42%), primarily reflecting renewed weakness in South Korean chip stocks.

• SK Hynix fell about 2.72% in August 31 premarket trading, while supply-demand concerns, upcoming Korean export data, and Broadcom’s earnings weighed on semiconductor sentiment.
• The ETF’s 2x leverage magnifies the underlying move.
• The August 28 KRW375 dividend ex-date and post-rally profit-taking remain additional technical pressures.