July 10 (Fri) close: Hang Seng Index (HSI) +144.94 pts (+0.60%) to 24,175.12; Hang Seng TECH Index -9.90 pts (-0.21%) to 4,721.66; Hang Seng China Enterprises Index (HSCEI) +41.90 pts (+0.52%) to 8,039.19; Hang Seng Red Chip Index +26.93 pts (+0.70%) to 3,851.04.

UK Clacton by-election set for August 13 after Reform UK leader Nigel Farage resigned his parliamentary seat.

SK Hynix's record U.S. listing has spawned a new wave of U.S.-listed leveraged products tied to the stock. Issuers including ProShares, Leverage Shares and Rex Shares are preparing 2x long SK Hynix ADR ETPs and some inverse variants; issuer sites show at least six products slated to launch next week. Single-stock leveraged ETFs are already extremely popular in Korea: SK Hynix, Samsung Electronics and linked leveraged products account for more than 70% of Korean market trading volume, increasing KOSPI volatility. John Cho, Korea equity fund manager at J.P. Morgan Asset Management, said retail activity appears increasingly momentum-driven and single-stock ETFs have amplified large-cap trading and volatility, warning the emergence of leveraged ETFs can signal late-cycle retail behavior. Analysts add concentrated single-stock leverage is starting to affect the underlying names; new U.S.-listed leveraged ETPs will expand daily rebalancing flows and could further amplify already elevated volatility.