The Korean stock SK Hynix plummeted 15.4% today, setting a record for the biggest one-day decline, driving South Korea to double its lead to a sharp decline in Hynix. The ETF plummeted 33% today, and the trading price has recovered 69.07% from its all-time high on June 25. Previously, the ETF surpassed HK$130 billion in late June. According to Oriental Wealth data, the latest size of the ETF has dropped to HK$69.3 billion, which is close to falling short compared to the previous high. Another ETF linked to South Korean chip stocks under Southern Dongying also plummeted today: Nanfang doubled, Samsung Electronics fell more than 20% today, a correction of 63.33% compared to its all-time high on June 3.
Zhitongcaijing · 3d ago
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The Korean stock SK Hynix plummeted 15.4% today, setting a record for the biggest one-day decline, driving South Korea to double its lead to a sharp decline in Hynix. The ETF plummeted 33% today, and the trading price has recovered 69.07% from its all-time high on June 25. Previously, the ETF surpassed HK$130 billion in late June. According to Oriental Wealth data, the latest size of the ETF has dropped to HK$69.3 billion, which is close to falling short compared to the previous high. Another ETF linked to South Korean chip stocks under Southern Dongying also plummeted today: Nanfang doubled, Samsung Electronics fell more than 20% today, a correction of 63.33% compared to its all-time high on June 3.
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