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South Korean retail investors rushed to buy single-stock leveraged ETFs tracking Samsung and SK hynix before regulators tightened rules

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Golden Finance News, July 26. Data shows that on the 24th, Korean retail investors made a major purchase of 14 single-stock leveraged ETFs, with a total daily buying volume of about 450 billion KRW. Previously, Korean retail investors had continuously net sold about 500 billion KRW over three straight days. Based on data from Korea’s exchanges and Koscom Check, as of July 26, retail investors consecutively net sold 14 individual-stock leveraged products from July 21 to 23 for three days in a row, with a cumulative net sales amount of 547.17B KRW. This trend reversed completely on July 24. Within just one day, individual investors net bought seven leveraged products tied to Samsung Electronics stock, with a net buying amount of 103.9B KRW; at the same time, they also net bought seven leveraged products tied to SK Hynix stock, with a net buying amount of 350.03B KRW. Notably, this net buying took place on “Black Friday.” On the day, the KOSPI index fell by more than 5%, and the closing declines for Samsung Electronics and SK Hynix both reached 7% to 8%. As a result, the single-stock leveraged ETFs backed by these two companies also plunged 15% to 16%. Analysts believe that the sharp drop in prices of single-stock leveraged ETFs attracted some investors to buy at lower levels. In addition, because a new rule raising the minimum margin requirement will take effect on the 31st, some individual investors may want to increase their positions through a “cost-averaging” approach before tighter regulation is implemented, thereby driving related demand.
SK Hynix-8.33%
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