Hong Kong Memory Shares Slide as 2x Hynix Product Falls More Than 22%

Two-times leveraged products tied to SK Hynix and Samsung Electronics fell more than 22% and 20%, respectively, as Hong Kong memory shares slid after South Korea’s KOSPI fell 7%. Montage Technology fell more than 9%, and GigaDevice declined more than 6%, extending weakness across Hong Kong’s memory-related stocks. The two leveraged products tied to Korean chipmakers fell more sharply than the losses in their corresponding company shares. South Korea’s KOSPI had fallen 7%, with SK Hynix shares down 10% and Samsung Electronics off about 8%.

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