James Wynn's 50x SP500 short partially liquidated, $1.23M position remains

Recently, CSOP’s 2x SK Hynix bull product has become a market focus due to sharp price swings. As of July 30, SK Hynix has fallen 49% from its June peak, while the net value of the 2x SK Hynix bull product has suffered a cumulative drawdown of over 80%, with its size shrinking by roughly HK$100 billion from HK$130 billion. After the Securities and Futures Commission (SFC) of Hong Kong released new rules last week, CSOP issued an announcement this Monday stating that starting August 3, all of its leveraged and inverse products linked to 12 popular overseas stocks including SK Hynix, Samsung Electronics, Tesla, and NVIDIA will fully switch to a "flexible leverage structure." This move has sparked investor skepticism, as if the manager actively reduces leverage, should SK Hynix rebound quickly afterward, the ETF’s net value recovery will slow significantly, and the payback period for investors who bought at high levels will be extended. On the evening of July 30, CSOP clarified in response to market questions about the product’s switch to the "flexible leverage structure" and potential leverage reduction, stating that under current market conditions, the product is expected to maintain a 2x leverage, and the fund manager will not make any active adjustments to the leverage multiple based on their own market judgment. CSOP emphasized that after the relevant changes take effect, it will release announcements regarding the target leverage multiple before each trading day opens. Taking this product as an example, the announcement will be issued after the close of trading on July 31, and investors are requested to pay close attention. (Source: 21st Century Business Herald)

According to Bitget market data, the Nikkei 225 index closed up 2,494.59 points on Friday, July 31, with a 4.03% gain, ending at 64,362.02 points. Chip stocks led the rally, while the Nikkei 225 has declined 8% cumulatively this month.

According to Bitget market data, South Korea’s KOSPI index closed up 1,001.88 points on Friday, July 31, surging 17.91% to end at 6,595.44 points, marking its largest single-day percentage gain in history. SK Hynix jumped 30% to hit its daily price limit, while Samsung Electronics rose nearly 27%, both setting new records for their respective single-day gains. This week, the index saw sharp volatility, triggering market-wide circuit breakers twice, and staged a violent 18% intraday rebound on the day. The index has fallen 22.4% so far this month, with its monthly decline second only to the 27.2% record set in October 1997, and has also dropped 30% from its June peak.

Kioxia reported first-quarter operating profit of 1.27 trillion yen, compared with 44.9 billion yen in the same period last year, and below the market consensus estimate of 1.37 trillion yen. Net profit for the quarter reached 842.17 billion yen, versus 18.28 billion yen a year earlier, also missing the market forecast of 973.81 billion yen. The company announced a 1-for-3 stock split and a share repurchase plan.

Bank of Japan Governor Kazuo Ueda stated that Japan's economy is expected to maintain moderate growth. The year-on-year CPI growth rate in the second half of fiscal 2026 is projected to accelerate to a level "significantly above" 2%. The Bank of Japan is expected to continue raising interest rates and adjust the intensity of its easing policy based on economic, price, and financial conditions. (Source: Jinshi)

Foreign investors net purchased KOSPI stocks worth 7.2 trillion won on Friday, setting a new all-time record.