ETF Abnormal Movement | Korean stocks rise to circuit breaker, Southbound 2x Long SK Hynix rises over 15%, 2x Long Samsung Electronics rises over 8%

Zhitong
2026.07.15 01:55

Double Long Korean Stocks "Storage Duopoly" strengthened this morning. As of the time of writing, the Southern Double Long SK Hynix rose 15.43% to HKD 75.26; the Southern Double Long Samsung Electronics rose 7.82% to HKD 102.75. On the news front, on July 15th, after a strong opening, the Korean stock market hit a circuit breaker, with the two major memory chip giants soaring, SK Hynix up over 10% and Samsung Electronics up over 7%. Last night, the U.S. released June inflation data that fell short of market expectations, leading traders to lower bets on a rate hike by the Federal Reserve this month. Additionally, it was reported that the high-level coordination mechanism of the four major economic departments of the Korean government will hold a meeting on Thursday to study response plans for the impact of single-stock leveraged ETFs on the stock market, marking the first time this topic has been formally discussed within this mechanism. Notably, overnight, SK Hynix ADR soared over 27%, closing at a 51% premium compared to its Korean-listed stock. Barclays recently initiated coverage on SK Hynix with an "Overweight" rating and a target price of $330, implying about 100% upside from Tuesday's closing price. Furthermore, reports indicate that SK Hynix has begun mass production deliveries of 12-layer HBM4 to NVIDIA, with the product entering the capacity ramp-up phase

According to the Zhitong Finance APP, the double long Korean stock "storage duo" strengthened this morning. As of the time of publication, the Southern Double Long SK Hynix (07709) rose by 15.43%, trading at HKD 75.26; the Southern Double Long Samsung Electronics (07747) increased by 7.82%, trading at HKD 102.75.

In terms of news, on the morning of July 15, the Korean stock market opened high and reached a circuit breaker, with the two major memory chip giants soaring. SK Hynix surged over 10%, and Samsung Electronics rose over 7%. Last night, the U.S. released June inflation data that fell short of market expectations, leading traders to reduce bets on a rate hike by the Federal Reserve this month. Additionally, it was reported that the South Korean government's high-level coordination mechanism for the four major economic sectors will hold a meeting on Thursday to study response plans for the impact of single-stock leveraged ETFs on the stock market, marking the first time this topic has been formally discussed within this mechanism.

Notably, overnight, SK Hynix's ADR soared over 27%, closing with a 51% premium compared to its Korean-listed stock. Barclays recently initiated coverage on SK Hynix, giving it an "overweight" rating with a target price of $330, implying about 100% upside from Tuesday's closing price. Furthermore, reports indicate that SK Hynix has begun mass production deliveries of 12-layer HBM4 to NVIDIA, with the product entering the capacity ramp-up phase

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