Các biện pháp quản lý của Hàn Quốc làm giảm khối lượng giao dịch ETF đòn bẩy

The Huoxing Finance report states that on August 4, following regulatory measures by South Korean authorities to curb demand for leveraged ETFs that had recently fueled extreme market volatility, trading volumes for leveraged ETFs linked to South Korea’s two major chip giants have sharply declined. The KODEX single-stock ETF tracking SK Hynix, one of the largest single-stock leveraged ETFs in South Korea, saw its volume drop to 59 million shares on Monday, the lowest level since June 4. Another similar ETF tied to Samsung Electronics also recorded its lowest trading volume since its launch at the end of May. Peter Park, Assistant Head of Korean Equity Sales at NH Investment & Securities, said: “Speculative leverage bubbles in major tech stocks have been suppressed on both the upside and downside. With investors able to sell existing positions without restriction but facing high cash thresholds for new purchases, speculative leveraged trading by retail investors has effectively ended.” Previously, South Korean regulators raised the minimum cash margin requirement for single-stock leveraged ETF investors from 10 million KRW to 30 million KRW. Compared to the trading volume of 1.24485 trillion KRW on the last trading day before the measures (July 30), the current trading volume for these products has fallen to approximately one-tenth.