Unfortunately, it looks like KOSPI has to be halted again today.

With this round of major correction, Koreans are definitely the ones who will suffer the worst.
It’s such a small country, with such a small GDP—can the country’s biggest stock index really triple in a single year?
Is that reasonable? Is that appropriate?
This adjustment is definitely going to happen.
However, falling from such a high position—who knows how many people will end up dying.
But at least those who bought leveraged 2x long ETFs
will definitely lose everything.
Let’s take a look together at how Asia’s biggest fireworks this year
was “killed” by its own 2x ETFs.
Thank you all.