ETF Abnormal Movement | Korean stocks rise to circuit breaker, Southbound 2x Long SK Hynix rises over 15%, 2x Long Samsu…

Double Long Korean Stocks "Storage Duopoly" strengthened this morning. As of the time of writing, the Southern Double Long SK Hynix rose 15.43% to HKD 75.26; the Southern Double Long Samsung Electronics rose 7.82% to HKD 102.75. On the news front, on July 15th, after a strong opening, the Korean stock market hit a circuit breaker, with the two major memory chip giants soaring, SK Hynix up over 10% and Samsung Electronics up over 7%. Last night, the U.S. released June inflation data that fell short of market expectations, leading traders to lower bets on a rate hike by the Federal Reserve this month. Additionally, it was reported that the high-level coordination mechanism of the four major economic departments of the Korean government will hold a meeting on Thursday to study response plans for the impact of single-stock leveraged ETFs on the stock market, marking the first time this topic has been formally discussed within this mechanism. Notably, overnight, SK Hynix ADR soared over 27%, closing at a 51% premium compared to its Korean-listed stock. Barclays recently initiated coverage on SK Hynix with an "Overweight" rating and a target price of $330, implying about 100% upside from Tuesday's closing price. Furthermore, reports indicate that SK Hynix has begun mass production deliveries of 12-layer HBM4 to NVIDIA, with the product entering the capacity ramp-up phase