Southern’s 2x long on Hynix: Hynix has tumbled 33% today, with its market cap falling below HK$70 billion—near a 50% cut.

Deep Tide TechFlow message: On July 13, according to Caixin Global, Korean stocks SK Hynix plunged 15.4% today, setting a record for the largest one-day drop, dragging the Southern 2x leveraged Hynix fund down sharply. The ETF crashed 33% today; compared with its historical high on June 25, the trading price has already pulled back 69.07%.

Previously, the ETF’s size had briefly exceeded HK$130 billion in late June. Data from Eastmoney shows that the ETF’s latest size has fallen to HK$69.3 billion, nearly half compared with its earlier peak.

Another ETF linked to South Korea’s chip stocks under Southern Asset Management also fell sharply today: the Southern 2x leveraged Samsung Electronics ETF dropped more than 20% today, pulling back 63.33% compared with its historical high on June 3.