Economy
Korean Retail Investors Lose 2.3 Trillion Won from Leveraged Chip ETFs
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THE BRIEF
1
Retail investors in South Korea lost an estimated 2.3 trillion won from leveraged exchange-traded products tracking Samsung Electronics and SK Hynix.
2
The losses occurred between May 27 and August 14 through single-stock ETFs and notes across 10 South Korean brokerages.
3
Regulators responded by halting new listings of leveraged single-stock products and increasing minimum cash deposit requirements.