B · Normal
[A South Korean parliamentarian’s office disclosed that Korean investors lost US$1.7 billion due to leveraged ETFs] On October 7, data released by a South Korean parliamentarian’s office showed that in just a few months, retail investors suffered losses of approximately 2.3 trillion won (US$1.7 billion) while tracking the leveraged ETF products of South Korea’s two major chip giants. According to the office of Choi Eun-seok, a member of the opposition National Power Party, this is the loss suffered by customers of 10 South Korean brokerages from May 27 to August 14 when they invested in single stock ETFs and notes linked to Samsung Electronics and SK Hynix.
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