
Hong Kong-listed leveraged products tied to Samsung Electronics and SK Hynix surged as the chipmakers advanced on Wall Street semiconductor gains, with investor focus turning to upcoming earnings from major hyperscalers.
Hong Kong-listed CSOP 2x Long Samsung Electronics (07747.HK) rose more than 14% in trading and CSOP 2x Long SK Hynix (07709.HK) gained more than 9% after both products opened about 15% higher. The move came as South Korean chipmakers rallied in early July 22 trading following a strong overnight move in U.S. semiconductor stocks. As of 9:25 a.m., Samsung Electronics was up 14,500 won, or 5.60%, at 273,500 won, while SK Hynix gained 155,000 won, or 8.44%, to 1.991 million won. The Philadelphia Semiconductor Index rose 5.21% and Micron Technology surged 12.17%, improving investor sentiment. Market attention is now shifting to earnings from hyperscalers, with Alphabet set to report on July 22, followed by Microsoft and Meta on July 29 and Amazon on July 30. Earlier reporting also showed foreign investors were net buyers of 717.6 billion won in Korea’s electrical and electronics sector, supporting demand for semiconductor shares and the leveraged products linked to them.