As SK hynix surged more than 9% in early trading on the 9th, a single-stock leveraged exchange-traded fund (ETF) that tracks SK hynix's share moves at twice the pace is also jumping 17%–18%.

On the 9th, after two straight days of sharp losses, the KOSPI rebounds as the KOSPI index and shares of SK hynix and Samsung Electronics are shown on the dealing room board at Hana Bank's head office in Jung-gu, Seoul. The KOSPI starts at 7,486.64, up 239.85 points (3.31%) from the previous session at the open and continues to rise. The KOSDAQ is also at 794.03, up 9.03 points (1.15%) from the day before. /Courtesy of Yonhap News Agency

As of 9:24 a.m. on the 9th, KIWOOM SK hynix Futures Single-Stock Leverage was trading at 189,60 won, up 18.95% (3,020 won) from the previous session.

In addition, single-stock leveraged ETFs with SK hynix as the underlying asset, such as RISE SK hynix Single-Stock Leverage, 1Q SK hynix Futures Single-Stock Leverage, ACE SK hynix Single-Stock Leverage, TIGER SK hynix Single-Stock Leverage, KODEX SK hynix Single-Stock Leverage, and SOL SK hynix Single-Stock Leverage, are all rising together, showing gains of 17%–18%.

Meanwhile, SK hynix shares on the main bourse were trading at 2,269,000 won, up 9.30% (193,000 won) from the previous session.

SK hynix will list $43 billion worth of American depositary receipts (ADR) on Nasdaq on the 10th. Investor sentiment is gathering as a result, analysts said. According to Bloomberg, the SK hynix ADR book-building drew subscriptions more than seven times the offering size.

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