On July 22, CSOP 2x Leveraged SK Hynix (07709.HK) rose 15.05% in regular trading, trading at 65.78 HKD with turnover of 756 million HKD.
On the news front, the underlying asset SK Hynix surged 9% on US markets overnight, while SanDisk gained 10% and Western Digital rose 9%, extending the storage sector's strong rebound. Additionally, Korean media reported that SK Hynix was in negotiations with Intel to acquire its large semiconductor complex in Ohio, aiming to produce memory chips in the US within five years, further boosting market expectations for capacity expansion.
SK Hynix subsequently issued a statement denying any plans to acquire Intel's Ohio chip manufacturing complex, stating explicitly that no such acquisition is planned. Intel also confirmed its commitment to the Ohio project. Despite the denial, the leveraged product maintained significant gains, reflecting sustained bullish momentum in the storage sector following SK Group Chairman Chey Tae-won's earlier warnings that AI semiconductor demand could grow 60%-100% next year while supply remains constrained.
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