South Korea Halts New Single-Stock Leveraged ETFs, Raises Margin Deposit To 30 Million Won After 1.2 Million Calls
The Financial Services Commission ordered a temporary halt to the launch of new single-stock leveraged exchange-traded funds in South Korea on Thursday and raised the minimum deposit requirement to 30 million won, following a sharp escalation in market volatility that prompted multiple KOSPI circuit breakers.
The regulatory action targets a burst in the leveraged ETF bubble that erased about $5 billion in assets under management, bringing the total value to roughly $6 billion. The forced liquidations and trading halts generated over 1.2 million margin calls for retail investors while driving the 30-day index volatility gauge to a record 82 points.
From the sources (25 posts)
@businessA new breed of leveraged products tracking major South Korean chip stocks are tumbling in value, threatening steep losses for the country’s retail investors who favor the tools to pursue amplified returns
@zerohedgeSK Hynix -4.5%
@bulltheoryioBREAKING: Korea Exchange (KRX) halted program selling for 5 minutes as KOSPI crashed -5%.
@negligible_cap*KOREA EXCHANGE ACTIVATES SIDECAR TO HALT KOSDAQ PROGRAM SELLING Like clockwork. SK Hynix down over 4%, bringing 2 day losses to 21%. Mass liquidations. Feels like Korean retail might just be running out of dip-buying funds. https://t.co
@firstsquawkSouth Korea’s KOSPI index drops 5% as Seoul stocks slide.
@barchartBREAKING 🚨: South Korea Korea's Stock Market completely falling apart 📉 📉
@wublockchainKorea Stock Rout Deepens as Upbit Volume Surges 1,426% South Korea’s KOSPI extended its sharp selloff on July 14, falling 4% intraday to 6,534.34, with SK Hynix down more than 7%. At the same time, Upbit, South Korea’s largest crypto excha
@barchartSK Hynix has now plunged 40% from its all-time high just a few weeks ago 📉📉
@firstsquawkSouth Korea’s KOSPI recovers from deeper losses but remains 0.2% lower at 6,793.17.
@reutersInside South Korea's world-beating bear market
@reutersbizThe KOSPI has plunged into a bear market, shedding a quarter of its value since late June, yet remains by far the world's best-performing major equity market this year. More here:
@reutersThe KOSPI has plunged into a bear market, shedding a quarter of its value since late June, yet remains by far the world's best-performing major equity market this year
@globalmktobserv‼️THIS IS A COMPLETE MASSACRE IN KOREAN CHIP STOCKS: SK Hynix dropped -15.4% on Monday, posting its largest daily decline EVER. This even exceeded the declines seen during the Great Financial Crisis. On Tuesday, the stock was down as muc
@globalmktobserv‼️Foreign investors are precipitously selling Korean equities: Global investors have dumped nearly -$10 BILLION in Korean stocks so far in July. This follows -$30 billion in outflows in June, the largest monthly outflow on record. Since
@globalmktobserv⚠️Foreign investors have never SOLD this much South Korean stock: Foreign net equity outflows from South Korea have exceeded -$100 billion year-to-date, dwarfing every prior year on record since at least 2020. TAP IMAGE TO SEE FULL INSIGH
@steve_hankeForeign investors pulled a net $46B from emerging market equities in June. South Korea led the way, with a net $30B outflow. That's the highest monthly outflow in more than 25 years. No wonder the won is TANKING and is near its 2009 lows.
@globalmktobserv🚨MARKET CARNAGE IN KOREA IS INTENSIFYING: The KOSPI fell -9% on Monday, triggering a trading halt for the 7th time this year, out of 13 total since 2000. TAP IMAGE TO SEE FULL INSIGHT👇
@firstsquawkSEOUL'S KOSPI SURGES 6%
@firstsquawkKOREA EXCHANGE ACTIVATES SIDECAR ON KOSPI AFTER KOSPI 200 FUTURES SURGE 5%; PROGRAMME TRADING HALTED FOR 5 MINUTES
@firstsquawkKOREA EXCHANGE ACTIVATES SIDECAR ON KOSDAQ FOLLOWING KOSDAQ 150 FUTURES SURGE OF 6%; PROGRAMME TRADING SUSPENDED FOR 5 MINUTES
@openoutcrierRT @JaguarAnalytics: KOSPI halted because stocks are rising too fast, last up +5% after 15 minutes into trading session.
@bulltheoryioOver ₩396,500,000,000,000 ($266 BILLION) has been added to the South Korean stock market as the KOSPI surged +6.5%. A buy-side sidecar has been triggered, halting program buying for 5 minutes. SK Hynix surged +11.5%, while Samsung gained
@cryptoroverKOREAN STOCKS ARE EXPLODING 🚀 🇰🇷 KOSPI just added ₩380 trillion in a single day. Samsung surged 6.46% SK Hynix jumped 11.19% The entire Korean market turned green.
@bulltheoryioBREAKING: South Korean stock market triggered a circuit breaker as KOSPI surged +8.2%. Korean Exchange (KRX) halted all stock trading and program trading for 20 minutes.
@cryptorover🚨 Asian markets are trading like a meme coin. Yesterday, KOSPI triggered a circuit breaker and program selling was disabled for 5 minutes, in the third largest crash since the Lehman crisis. Today, KOSPI surged 8.29% and another circuit b