Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK hynix (000660 KS)</a> gained 6.1% in September and its 2x Leveraged Index rose 9.6%, yet combined long-ETF AUM declined 2.7%.</li>
<li>All seven long-leveraged ETFs recorded reductions in units outstanding, while September net outflows reached KRW 514bn and daily flow activity remained subdued.</li>
<li>In contrast, the inverse ETF’s units outstanding more than doubled and its market capitalisation increased 68%, despite the product losing 17.0% during September.</li>
</ul>



SK hynix (000660 KS) gained 6.1% in September and its 2x Leveraged Index rose 9.6%, yet combined long-ETF AUM declined 2.7%.
All seven long-leveraged ETFs recorded reductions in units outstanding, while September net outflows reached KRW 514bn and daily flow activity remained subdued.
In contrast, the inverse ETF’s units outstanding more than doubled and its market capitalisation increased 68%, despite the product losing 17.0% during September.


SK Hynix (000660 KS): Inverse 2x ETF Units Double as Long 2x ETF Outflows Persist

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>The KOSPI is rolling over again, with foreign selling accelerating and technical indicators weakening.  Rising bond yields and massive retail losses from leveraged ETFs are adding to selling pressure.</li>
<li>The dominant technical picture is bearish, with the index in a confirmed downtrend across all major timeframes.  Momentum and trend indicators, Bollinger Bands, and Fibonacci levels are breaking down simultaneously.</li>
<li>The weight of evidence strongly supports the view that, for institutional allocators with risk management constraints, Korea is materially less investable today than at any point in the past decade.</li>
</ul>


The KOSPI is rolling over again, with foreign selling accelerating and technical indicators weakening.  Rising bond yields and massive retail losses from leveraged ETFs are adding to selling pressure.
The dominant technical picture is bearish, with the index in a confirmed downtrend across all major timeframes.  Momentum and trend indicators, Bollinger Bands, and Fibonacci levels are breaking down simultaneously.
The weight of evidence strongly supports the view that, for institutional allocators with risk management constraints, Korea is materially less investable today than at any point in the past decade.


KOSPI CRASHING AGAIN: S.O.S. - Save Our Seouls !!

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Event-Driven

<ul>
<li>In this insight, I discuss the alpha generation through companies that announced share buybacks in the Korean stock market in August and September 2026.</li>
<li>This insights provides a list of 43 companies in the Korean stock market that have announced share buyback programs in August and September 2026.</li>
<li>There were seven companies with more than 300 billion won in market cap that announced share buybacks in the past two months with at least 1% of outstanding shares.</li>
</ul>


In this insight, I discuss the alpha generation through companies that announced share buybacks in the Korean stock market in August and September 2026.
This insights provides a list of 43 companies in the Korean stock market that have announced share buyback programs in August and September 2026.
There were seven companies with more than 300 billion won in market cap that announced share buybacks in the past two months with at least 1% of outstanding shares.


Alpha Generation Through Share Buybacks in Korea: Bi-Monthly (August & September 2026)

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

<ul>
<li>For memory swing traders, October 7’s MTD reply is the key catalyst, with Hynix potentially front running it by disclosing HBM customer commitments and 2027 capacity allocation.</li>
<li>Samsung’s HBM capacity messaging strengthens the supply trade off case, while Hynix could go further with customer commitments and allocation data to support an AI driven capacity reallocation narrative.</li>
<li>For Hynix, hard 2027 HBM capacity numbers or incremental customer commitments would matter far more than another generic capacity update, potentially driving estimates and near term share price volatility higher.</li>
</ul>


For memory swing traders, October 7’s MTD reply is the key catalyst, with Hynix potentially front running it by disclosing HBM customer commitments and 2027 capacity allocation.
Samsung’s HBM capacity messaging strengthens the supply trade off case, while Hynix could go further with customer commitments and allocation data to support an AI driven capacity reallocation narrative.
For Hynix, hard 2027 HBM capacity numbers or incremental customer commitments would matter far more than another generic capacity update, potentially driving estimates and near term share price volatility higher.


Hynix Could Follow Samsung With Key Disclosure Ahead of Oct 7 MTD Reply

Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

<ul>
<li>Panic set in on Monday as <a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix (000660 KS)</a> fell -5.05%. The stock has been decelerating in the last few weeks, as discussed <a href="https://www.smartkarma.com/insights/sk-hynix-000660-ks-tactical-update-ahead-of-sep-22-s-mtd-opposition-deadline" target="_blank" rel="noopener">here</a>, so this is not surprising. </li>
<li>Bypassing narrative commentary on the sell-off, we focus strictly on tactical execution and portfolio positioning.</li>
<li>Our model's support price zones have been updated since our <a href="https://www.smartkarma.com/insights/sk-hynix-000660-ks-tactical-update-ahead-of-sep-22-s-mtd-opposition-deadline" target="_blank" rel="noopener">latest SK Hynix insight</a> so here is a fresh view: how much can SK Hynix fall and where to buy?
</li>
</ul>


Panic set in on Monday as SK Hynix (000660 KS) fell -5.05%. The stock has been decelerating in the last few weeks, as discussed here, so this is not surprising. 
Bypassing narrative commentary on the sell-off, we focus strictly on tactical execution and portfolio positioning.
Our model's support price zones have been updated since our latest SK Hynix insight so here is a fresh view: how much can SK Hynix fall and where to buy?



SK Hynix (000660 KS) -5% Drop: Tactical Positioning Beyond the Noise

South Korea

SK Hynix Inc. provides products and services for the electronic components industry. The Company manufactures semiconductors, such as dynamic random access memory (DRAM), NAND flash memory, and static random access memory (SRAM) chips.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

SK Hynix (000660 KS)