Movement Alert|CSOP SK Hynix Daily Max (2x) Leveraged Product Rises 5.54% in Regular Trading, Micron Earnings Beat Fuels Memory Sector Rally

Market Focus
2 hours ago

On October 2, CSOP SK Hynix Daily Max (2x) Leveraged Product rose 5.54% in regular trading, trading at 42.06 HKD per unit, with turnover of 271 million HKD. Multiple catalysts converged to drive the memory chip sector sharply higher.

On the news front, Micron Technology reported fiscal Q4 adjusted revenue of 54.229 billion USD, surging nearly 380% year-over-year, with GAAP net income of 37.701 billion USD, up over 1,077%. Its fiscal Q1 revenue guidance of approximately 61.5 billion USD also significantly exceeded market expectations. The blockbuster results lifted US-listed memory stocks broadly overnight, with SK Hynix ADRs climbing over 5% and Micron gaining over 3%.

Additionally, Goldman Sachs reaffirmed its Buy rating on SK Hynix, noting Q4 memory contract price forecasts came in above expectations across the board, with enterprise SSDs emerging as the only storage category showing accelerating price gains. South Korea's September semiconductor exports reached a record 60.3 billion USD, reinforcing bullish sentiment across the sector.

The product aims to deliver daily investment results that closely correspond to two times (2x) the daily performance of SK Hynix Inc. (KRX: 000660) ordinary shares before fees and expenses.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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