Leverage tied to artificial intelligence stocks is reaching record highs in Asia, with a fund linked to SK Hynix growing to $13 billion and becoming Hong Kong’s second-largest ETF, according to The Kobeissi Letter.
Assets Triple In Two Months
Assets under management in the Hong Kong-listed fund, CSOP SK Hynix Daily (2x) Leveraged Product, have more than tripled over the past two months, Kobeissi said in a post on X Sunday.
The fund is among roughly 250 listed in Hong Kong and accounts for about 13% of assets across the local ETF market.
Kobeissi added that the fund reached its current size less than eight months after launching in October 2025, marking the fastest asset growth recorded for an ETF in Asia and the fourth-fastest globally.
South Korea Sits At Center Of AI Supply Chain
South Korea has emerged as one of the biggest beneficiaries of the artificial intelligence boom, driven by its dominance in high-bandwidth memory (HBM), chips used in AI servers and accelerators.
SK Hynix is one of the world’s largest suppliers of HBM chips, a key component used alongside graphics processors from NVIDIA Corp (NASDAQ:NVDA) in AI computing systems.
The country has also attracted increased investment from global AI companies. Last week, Anthropic opened an office in Seoul, expanding its presence in a market.
Asian Markets Benefit From AI Spending
South Korea’s KOSPI has been one of the best-performing major equity benchmarks in 2026, rising approximately 110.80% year-to-date, while Japan’s Nikkei 225 has gained about 39.96%. KOSPI rose 201.57%, and Nikkei gained 89.14% over the past year.
In March, Microsoft Corp (NASDAQ:MSFT) said it would invest 1.6 trillion yen (nearly $10 billion) in Japan through 2029 to expand AI infrastructure and cybersecurity cooperation.
The iShares MSCI South Korea ETF (NASDAQ:EWY), which counts Samsung Electronics and SK Hynix among its largest holdings, has gained about 114% year-to-date and 215% over the past year. The fund has $26.26 billion assets under management and charges an expense ratio of 0.59%.
The fund has benefited from gains in semiconductor and technology shares as investors increased exposure to AI-related companies.
Price Action: EWY shares closed 6.89% higher on Thursday at $219.20.
Benzinga edge rankings indicate EWY has a Momentum score in the 97th percentile, with positive price trends across short, medium and long.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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