On August 24, CSOP SK Hynix Daily (2x) Leveraged Product declined 5.55% in regular trading, trading at HK$37.4/share, with turnover of HK$3.665 billion.

On the news front, SK Hynix's 40 trillion KRW share buyback plan had previously driven the product to rally sharply from August 20 to 21, and the positive impact has now been largely priced in by the market. In the options market, a $5.575 million deep in-the-money long-dated put order appeared on SKHY, with funds heavily positioned at the 165 strike price to lock in downside risk, signaling clearly bearish sentiment. Additionally, the SK Hynix labor union is scheduled to vote on wage and labor agreements on August 24-25, with the short-term uncertainty suppressing market sentiment.

For context, the product had surged over 8% on August 21 following the formal launch of the buyback program, which JPMorgan interpreted as upgrading shareholder return policy from a ceiling to a floor of 50% of free cash flow. Goldman Sachs projected an 8% shareholder return rate next year with approximately 7 trillion KRW in additional buyback capacity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)