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Unfortunately, it looks like the KOSPI today is definitely going to be halted again.
With this round of big adjustment, Koreans are definitely the ones who are going to suffer the worst.
How can such a small country, with such a small GDP, have its biggest stock index rise by 3x in a year?
Is this reasonable? Is it appropriate?
It’s definitely something that has to be corrected.
But falling from such a high level—how many people don’t know how many will be wiped out.
At the very least, those who bought 2x leveraged long ETFs will definitely all lose everything.
So let’s all take a look at how Asia’s biggest fireworks this year is being killed by its own 2x ETFs.
Thanks, everyone