- Country: Singapore
South Korean investors suffer US$1.7 billion losses from leveraged ETFs
The sum has been incurred from products tied to Samsung Electronics and SK Hynix
The sum has been incurred from products tied to Samsung Electronics and SK Hynix
Retail investors are estimated to have lost 2.3 trillion won ($1.7 billion) from leveraged exchange-traded products tracking South Korea’s two chipmaking giants in just months, according to a lawmaker’s office, in the first revelation of the magnitude of risks from such bets.
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