[26-Year-Old Hong Kong Trader Misappropriates HK$50 Million, Incurs HK$150 Million Loss Betting on Hynix Long Position] According to Tencent News, a 26-year-old male trader at Hong Kong Prosperity Management Services Limited misappropriated HK$50 million from the company without authorization as margin to purchase the CSOP 2x Long Hynix ETF using leveraged financing. Due to double leverage (margin financing + 2x long ETF), the paper loss amounted to approximately HK$150 million. The ETF had reached a historical high of HK$193.65 at the end of June but subsequently declined along with the semiconductor sector, dropping over 72% to HK$52.58 by July 20. The trader has been arrested by the police on suspicion of "theft." Since the position has not yet been closed, the final loss remains subject to price fluctuations.