STOCKS | Southbound 2x Bullish Hynix ETF Falls 9.6% As Korea Extends After-Hours Trading

Southbound 2x Bullish Hynix ETF (07709) fell 9.6% to HK$38.76, extending its losing streak to three sessions for a cumulative drop of 13%, according to ETNet. The stock traded about 42.05 million shares, worth HK$1.6 billion. Southbound 2x Bullish Samsung (07747) dropped 6.9% to HK$68.04, Southbound KOSPI (03121) fell 2.7% to HK$6.57, and A Southbound Korea Covered Call (03537) declined 2.8% to HK$9.555. Separately, the Korea Exchange said it has extended after-hours trading from 4:00 PM to 8:00 PM from today, from 4:00 PM to 6:00 PM previously, and changed the market from a single-price auction every 10 minutes to continuous trading like the regular session. Only limit orders will be accepted, with market orders excluded. The exchange said the move is aimed at giving local investors more trading opportunities and responding to the trend of longer trading hours at major U.S. exchanges.