On August 12, according to Bitget market data, the Hong Kong-listed Southern 2x Long Samsung Electronics ETF (07747.HK) surged more than 17%, while the Southern East Spring SK Hynix ETF (07709.HK) rose more than 16%. BlockBeats reported this market movement in a flash update. The data was sourced from Bitget's real-time quotes. Both ETFs are leveraged products listed on the Hong Kong Stock Exchange. The first product, named 'Southern 2x Long Samsung Electronics', focuses on Samsung Electronics with a two times leverage ratio as indicated by its name. The second product, 'Southern East Spring SK Hynix', similarly provides leveraged exposure to SK Hynix. During the trading session on August 12, the prices of both ETFs advanced significantly, with gains exceeding 17% and 16% respectively. These figures were derived directly from Bitget's market data platform on August 12. No further details about the underlying price moves were provided in the initial report.
Hong Kong-listed leveraged ETFs rallied on August 12, with the Southern 2x Long Samsung Electronics (07747.HK) up over 17% and the Southern East Spring SK Hynix (07709.HK) gaining more than 16%, according to Bitget market data reported by BlockBeats.
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