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The "storage duo" who were twice long on Korean stocks fell sharply after cutting in half

2026-07-13·newswire-us-stock-110050
The "storage duo" who were twice long on Korean stocks fell sharply after cutting in half.

In the afternoon of July 13, the decline of Hong Kong stocks and Korean chip-related leveraged ETFs further expanded. As of the close, Nanfang was twice long on Hynix (07709), which fell by 33%, and Nanfang was twice long on Samsung Electronics (07747), which fell by 20.09%. Southern Double Long Hynix will be listed in October 2025.

As SK Hynix's stock price continues to rise, the ETF price once rose more than 20 times from the issue price of HK$8.42, with a maximum of HK$193.65. As of the close of trading on July 13, Nanfang's double-long Hynix was quoted at HK$59.9, which has retreated nearly 70% from the historical high.

South Korea's twice-long Samsung Electronics also fell sharply from the previous high of HK$243.100 set on June 3, and has now retraced more than 60%. At the same time, South Korea's two major chip giants, SK Hynix and Samsung Electronics, both fell sharply today.

SK Hynix fell by more than 15%; Samsung Electronics fell by more than 10%, and its stock price has fallen by more than 30% since the high point on June 19 this year. Recently, a lot of news has been released intensively around these two Korean chip giants.

On July 10, local time, SK Hynix officially landed on Nasdaq in the form of American depositary receipts. The issue price was set at US$149 per share. The opening price on the first day of listing was US$170. It once touched US$177 during the session and finally closed up 12.76%, corresponding to a market value of US$1.22 trillion.

Previously, Samsung Electronics announced its performance forecast for the second quarter of 2026. During the reporting period, Samsung Electronics’ sales reached 171 trillion won, a year-on-year increase of 129%; operating profit reached 89.40 trillion won, a year-on-year increase of 1810%. Subsequently, Samsung Electronics shares fell. (

#Stocks #Semiconductors #Earnings #IPO #Nasdaq

Full text

The "storage duo" who were twice long on Korean stocks fell sharply after cutting in half

In the afternoon of July 13, the decline of Hong Kong stocks and Korean chip-related leveraged ETFs further expanded. As of the close, Nanfang was twice long on Hynix (07709), which fell by 33%, and Nanfang was twice long on Samsung Electronics (07747), which fell by 20.09%. Southern Double Long Hynix will be listed in October 2025. As SK Hynix's stock price continues to rise, the ETF price once rose more than 20 times from the issue price of HK$8.42, with a maximum of HK$193.65.

In the afternoon of July 13, the decline of Hong Kong stocks and Korean chip-related leveraged ETFs further expanded. As of the close, Nanfang was twice long on Hynix (07709), which fell by 33%, and Nanfang was twice long on Samsung Electronics (07747), which fell by 20.09%. Southern Double Long Hynix will be listed in October 2025. As SK Hynix's stock price continues to rise, the ETF price once rose more than 20 times from the issue price of HK$8.42, with a maximum of HK$193.65. As of the close of trading on July 13, Nanfang's double-long Hynix was quoted at HK$59.9, which has retreated nearly 70% from the historical high. South Korea's twice-long Samsung Electronics also fell sharply from the previous high of HK$243.100 set on June 3, and has now retraced more than 60%. At the same time, South Korea's two major chip giants, SK Hynix and Samsung Electronics, both fell sharply today. SK Hynix fell by more than 15%; Samsung Electronics fell by more than 10%, and its stock price has fallen by more than 30% since the high point on June 19 this year. Recently, a lot of news has been released intensively around these two Korean chip giants. On July 10, local time, SK Hynix officially landed on Nasdaq in the form of American depositary receipts. The issue price was set at US$149 per share. The opening price on the first day of listing was US$170. It once touched US$177 during the session and finally closed up 12.76%, corresponding to a market value of US$1.22 trillion. Previously, Samsung Electronics announced its performance forecast for the second quarter of 2026. During the reporting period, Samsung Electronics’ sales reached 171 trillion won, a year-on-year increase of 129%; operating profit reached 89.40 trillion won, a year-on-year increase of 1810%. Subsequently, Samsung Electronics shares fell. (

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