South Korea Restricts Single-Stock Leverage ETFs, Affects Tesla, Micron, SpaceX Holdings

TSLA-2.64%
MU-0.55%
SPCX-5.43%
South Korea's Financial Services Commission announced restrictions on single-stock leverage ETFs affecting foreign stocks, according to recent reports. The move impacts popular holdings including Tesla, Micron, SanDisk, and SpaceX, with approximately 1.8 trillion won ($1.35 billion equivalent) in purchases over the past month. However, sector-focused leverage products, such as semiconductor 3x index funds, remain unregulated. The restrictions aim to reduce domestic market volatility while expanding oversight to overseas securities trading by local retail investors.
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