The CSOP KIOXIA Daily Max 1.25x tool began trading on the Hong Kong Stock Exchange on Tuesday, tracking shares of Japanese memory chip maker Kioxia, Bloomberg reports. The leverage ratio is set at 1.25. This is the first launch of such a product on a separate stock in Hong Kong in a year: the derivative of the previous two parts on SK Hynix caused strong volatility in the market. Kiosk shares itself about 75% since highs in June.