Huo Xing Finance reports that on July 29, according to market data, the Southern 2x Long SK Hynix ETF (07709) fell 17.6% intraday to HK$31.2, down nearly 85% from its high of HK$193.65. The Southern 2x Long Samsung Electronics ETF (07747) declined 9.6% to HK$55.4, down nearly 78% from its high of HK$243.1.
Southern 2x Leveraged Hynix ETF Drops 85% from High, 2x Samsung ETF Falls 78%
MarsBitShare
Summary
According to MarsBit, on July 29, the Southern 2x Leveraged Hynix ETF (07709) fell 17.6% to HKD 31.2, a decline of nearly 85% from its peak of HKD 193.65. The Southern 2x Leveraged Samsung Electronics ETF (07747) dropped 9.6% to HKD 55.4, down nearly 78% from its high of HKD 243.1. ETF outflows have accelerated as investors liquidate their leveraged positions.
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