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Korean chip stock leveraged products suffer severe backlash, with the largest ETF plummeting 45% since its launch
18 hour ago /
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Author：小编
The prices of more than ten leveraged ETFs tracking Samsung Electronics and SK Hynix have nearly halved since their listing in late May, with the largest one declining by about 45% and falling over 60% from its June peak, highlighting the risks of leveraged investments in these two South Korean chip companies. Goldman Sachs analyzed that the sharp market volatility on Monday was primarily due to the rapid deleveraging of single-stock leveraged ETFs, whose Gamma rebalancing effect amplified the market decline, accounting for 62% of the net selling by local institutions that day.
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