Movement Alert|CSOP SK Hynix Daily Max (2x) Leveraged Product Rises 6.13% at Open, Micron Blowout Earnings and Multiple Tailwinds Boost Storage Sector

Market Focus
3 hours ago

On October 2, CSOP SK Hynix Daily Max (2x) Leveraged Product rose 6.13% at open, trading at 42.52 HKD with turnover of 24.37 million HKD. The rally was primarily driven by Micron Technology's stellar fourth-quarter results released overnight, with adjusted revenue of $54.229 billion surging nearly 380% year-over-year and GAAP net profit of $37.701 billion soaring over 1,077%, while fiscal Q1 revenue guidance of approximately $61.5 billion also significantly exceeded market expectations.

The strong results lifted storage chip stocks broadly, with SK Hynix's US-listed shares surging over 5% overnight. Meanwhile, Goldman Sachs reaffirmed its buy rating on SK Hynix, and South Korea's September chip exports reached a record $60.3 billion, creating a multi-factor positive catalyst resonance across the storage sector.

This product aims to provide investment results that closely correspond to twice (2x) the daily performance of SK Hynix Inc. (KRX: 000660) ordinary shares before fees and expenses. The product does not seek to achieve its stated investment objective over a period longer than one day.

(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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