Goldman Sachs: SK Hynix's 14.7% Drop Amplified by $15–20 Billion in Leveraged ETFs Absent in Prior Drawdowns

SK Hynix Korea-listed shares fell 14.7% on July 28, 2026, amid a global memory chip selloff driven by China's CXMT entry and AI funding concerns. Goldman Sachs attributed the severity to unwinding in newly launched 2x leveraged ETFs — $15–20 billion in non-U.S. assets tied to the stock, a mechanical amplification channel absent in prior sector drawdowns.