SK Hynix Shares Surge, Boosting Leverage ETFs by Nearly 50%

SK Hynix's soaring stock price has led to a significant rise in related leveraged exchange-traded funds (ETFs) and exchange-traded notes (ETNs).

According to the Korea Exchange, as of 9:29 a.m. on July 31, the SOL SK Hynix Single Stock Leverage ETF was trading at 8,565 won, up 47.93% from the previous trading day. The KODEX SK Hynix Single Stock Leverage and TIGER SK Hynix Single Stock Leverage also surged by 47.32% and 46.87%, respectively.

Additionally, other SK Hynix-related leveraged products, including the Mirae Asset Leverage SK Hynix Single Stock ETN (up 47.12%), RISE SK Hynix Single Stock Leverage (up 46.89%), KIWOOM SK Hynix Futures Single Stock Leverage (up 45.72%), and ACE SK Hynix Single Stock Leverage (up 45.33%), have all recorded increases in the 40% range.

Leveraged products betting on the semiconductor sector are also performing well. The Kiwoom Leverage Semiconductor TOP10 ETN rose by 45.45%, while the TIGER Semiconductor TOP10 Leverage (up 44.95%), KB Leverage Semiconductor TOP10 TR ETN (up 44.44%), and KODEX Semiconductor Leverage (up 41.21%) also saw significant gains.

The N2 Monthly Leverage KOSPI 200 Futures ETN, a KOSPI 200 futures leverage product, was trading at 120,000 won, up 45.7%. Recently, leveraged products that had sharply declined during market corrections are quickly recovering, driven by the rebound in semiconductors centered around SK Hynix. Notably, single-stock leveraged products track the price fluctuations of SK Hynix at a twofold rate, amplifying returns during price increases.