Business & Finance
South Korea’s Leveraged ETF Trading Plummets Under New Curbs
Key Points
ETFs & Mutual Funds South Korea’s Leveraged ETF Trading Plummets Under New Curbs Trading in leveraged exchange-traded funds tied to South Korea’s two chip giants has shrunk sharply, after authorities took steps to slow demand for the products that fueled recent market volatility. The Kodex single-stock ETF tracking SK Hynix Inc., the biggest of its kind in the country, saw its trading volume drop to 59 million shares on Monday, the lowest since June 4. Its smaller peer linked to Samsung...
ETFs & Mutual Funds
South Korea’s Leveraged ETF Trading Plummets Under New Curbs
Trading in leveraged exchange-traded funds tied to South Korea’s two chip giants has shrunk sharply, after authorities took steps to slow demand for the products that fueled recent market volatility.
The Kodex single-stock ETF tracking SK Hynix Inc., the biggest of its kind in the country, saw its trading volume drop to 59 million shares on Monday, the lowest since June 4. Its smaller peer linked to Samsung Electronics Co. also had the least number of shares changing hands since its launch in late May.