US stocks have broadly rebounded, buoyed by the pause in interest rate hikes and strong earnings reports, with Gate's Sandisk and SK Hynix contract open interest ranking among the top two on CEXs

Odaily News: Buoyed by expectations of a Federal Reserve pause in interest rate hikes and strong earnings from tech giants like Microsoft, the US stock market has seen a significant overall rebound, with the semiconductor and memory sector leading the charge. According to Gate platform data, Sandisk (SNDK) is currently trading at $1,280.40, up 26.14%, while SK Hynix (SKHY) is trading at $148.96, up 17.47%. Amid the sharp price fluctuations and strong rallies in these two assets, trading activity and open interest in derivatives on the Gate platform have continued to rise. According to Coinglass data, Gate's SNDK contract open interest has reached $151 million, and Gate's SKHYNIX contract open interest has reached $121 million, with both figures ranking second among centralized exchanges.

Gate's stock offerings have formed a 7×24-hour trading service system covering the three core markets of US stocks, Hong Kong stocks, and Korean stocks, supporting over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, and over 1,000 Korean stocks, collectively covering more than 12,500 stocks and ETF assets globally. The platform supports fractional share trading with a minimum investment of 0.01 shares and grants stock dividend rights. Additionally, the platform supports cross-broker transfer of US and Hong Kong stocks, as well as corporate actions such as stock splits and reverse splits, further optimizing the stock investment service experience.