🟢 SanDisk Leveraged ETF (SNDU) is trading 3.1% up in pre-market as SK Hynix buyback lifts memory stocks

SNDU is trading at $23.26, up 3.10% versus August 19’s close as SanDisk and memory stocks rebound after the August 18–19 semiconductor selloff.

• SK Hynix’s approximately $29 billion buyback and cancellation plan lifted regional memory stocks; it surged in Asian trading, while SanDisk gained in sympathy.
• Falling Treasury yields after the U.S. Treasury expanded long-bond buybacks improved risk appetite for technology and leveraged equity exposure.
• Modestly positive U.S. futures support the pre-market move, though Fed minutes remain a rate-hike risk.