South Korea’s KOSPI Soars
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The country’s regulators have imposed increasingly stringent restrictions on single-stock leveraged exchange-traded funds tracking SK Hynix and Samsung Electronics.
South Korean investors are sharing stories of massive losses after the KOSPI's sharp decline erased billions in wealth. Some lost apartment funds, while others saw years of savings disappear.
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South Korea moves to rein in risky ETF trading amid market turmoil
South Korea's top financial officials have apologized over the launch of single-stock leveraged ETFs, which are being blamed for sharp swings in the Kospi. Regulators plan to cap high-risk investments at 20% of investors' total portfolios and have banned new risky ETF listings and advertisements,
South Korea convenes an emergency financial meeting as the KOSPI index drops roughly 40% from its June peak, triggering circuit breakers and
South Korean shares tumbled Tuesday, leading a selloff in chip stocks in Asia, with the benchmark Kospi heading toward its steepest daily decline in over four months. The Korean market's plunge mirrored a broad selloff in U.