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Has the South Korean Composite Stock Index 'Turned into a Gambling Den'? Caution Urged Over Leveraged ETFs Linked to Samsung and SK Hynix
22 hour ago /
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Author：小编
On the 7th, single-stock leveraged ETFs that track Samsung Electronics and SK Hynix took a significant hit. Out of the 14 products available, 13 plummeted below their initial issue price of 20,000 won, with some witnessing intraday drops of close to 20%. The following day, on the 8th, South Korea's Composite Stock Price Index (KOSPI) concluded trading at 7,246.79 points, marking a 5.35% decline. Moreover, it has now plummeted over 20% from its peak in June, officially signaling its entry into a technical bear market.
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