Southern 2x Long Hynix swung from a gain of more than 14% to a loss in Hong Kong trading on July 22, while SK Hynix also reversed after rising more than 9% earlier.
Hong Kong-listed memory-related names reversed sharply in afternoon trading on July 22. Southern 2x Long Hynix (07709.HK), a leveraged product linked to SK Hynix, fell more than 3% after rising more than 14% earlier in the session, according to Bitget market data cited by BlockBeats. SK Hynix also gave up a morning gain of more than 9% and turned lower by late trading, highlighting how leveraged single-stock products can magnify intraday swings when the underlying share changes direction.