A leveraged exchange-traded fund (ETF) tracking South Korean memory chipmaker SK Hynix has become the largest ETF in Hong Kong by assets under management, reaching nearly $17 billion.
The fund has overtaken the Cathay Pacific Airways leveraged ETF, which had held the top spot for years, marking a significant shift in investor focus within the region's exchange-traded fund market.
The surge in assets reflects growing speculative interest in the semiconductor sector, particularly in companies benefiting from the artificial intelligence boom.
SK Hynix, a global leader in high-bandwidth memory (HBM) chips critical for AI servers, has seen its stock price rally significantly in 2026, driving inflows into derivative products linked to its performance.
This development underscores the broader momentum in Asian semiconductor equities.
South Korea's Kospi index recently closed at a fresh all-time high, breaking through the 9,100 level for the first time, with semiconductor shares anchoring the benchmark's ascent.