Samsung and SK Hynix Leverage ETFs Hit Record Lows, Down 58-62% Since May Listing

According to Edaily, 14 single-stock leverage exchange-traded funds (ETFs) tracking Samsung Electronics and SK Hynix hit record lows yesterday (July 12) as the KOSPI index plummeted to around 6,800. The KODEX SK Hynix Single Stock Leverage ETF fell to 15,890 Korean won intraday, a 62.4% decline from its May listing peak of 44,385 won. The TIGER Samsung Single Stock Leverage ETF dropped to 12,655 won, down 58.3% from its highs. The sharp declines reflect both the underlying stock losses—Samsung fell 10.7% and SK Hynix dropped 15.37%—and the 2x daily leverage multiplier embedded in these products, which amplified losses to 22-24% for Samsung-related ETFs and 31-33% for SK Hynix-related products.
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