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Korea President’s Stock Dream Bumps Into Leveraged ETF Backlash

Bloomberg Markets Sunday 19 July 2026, 21:00 UTC By Bloomberg News 1 min read
Key Points

ETFs & Mutual Funds Korea President’s Stock Dream Bumps Into Leveraged ETF Backlash South Korea’s most closely watched stock-market innovation is morphing into a headache for President Lee Jae Myung. The single-stock leveraged exchange-traded funds, launched in May to offer twice the daily returns of memory-chip leaders Samsung Electronics Co. and SK Hynix Inc., arrived as enthusiasm for Korean equities was reaching a fever pitch. They have since drawn criticism for amplifying swings in the...

ETFs & Mutual Funds Korea President’s Stock Dream Bumps Into Leveraged ETF Backlash South Korea’s most closely watched stock-market innovation is morphing into a headache for President Lee Jae Myung. The single-stock leveraged exchange-traded funds, launched in May to offer twice the daily returns of memory-chip leaders Samsung Electronics Co. and SK Hynix Inc., arrived as enthusiasm for Korean equities was reaching a fever pitch. They have since drawn criticism for amplifying swings in the country’s flagship AI stocks, with the benchmark Kospi Index down about 25% from its June peak.
Korea (LOCATION) South Korea’s (LOCATION) Lee Jae Myung (PERSON) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) Korean (ORG) AI (ORG) Kospi (PERSON)
Originally published by Bloomberg Markets Read original →

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