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South Korea to Halt New Listings of Single Stock Leveraged ETFs

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South Korea to Halt New Listings of Single Stock Leveraged ETFs South Korea will temporarily halt new listings of single-stock leveraged exchange traded products to curb market volatility after a surge in popularity of funds tied to Samsung Electronics Co. and SK Hynix Inc. The ban will remain in place until market conditions stabilize, the Financial Services Commission said in a statement Thursday. Authorities will also raise the minimum deposit requirement for leveraged ETFs to 30 million...

South Korea to Halt New Listings of Single Stock Leveraged ETFs South Korea will temporarily halt new listings of single-stock leveraged exchange traded products to curb market volatility after a surge in popularity of funds tied to Samsung Electronics Co. and SK Hynix Inc. The ban will remain in place until market conditions stabilize, the Financial Services Commission said in a statement Thursday. Authorities will also raise the minimum deposit requirement for leveraged ETFs to 30 million won ($20,300) from 10 million won effective Aug. 5.
South Korea (LOCATION) Halt New Listings of Single Stock (ORG) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) the Financial Services Commission (ORG)
Originally published by Bloomberg Markets Read original →