Samsung, SK Hynix and 2x ETFs Capture 70% of Korea Trading Value
Updated
Updated · Bloomberg · Jul 8
Samsung, SK Hynix and 2x ETFs Capture 70% of Korea Trading Value
3 articles · Updated · Bloomberg · Jul 8
Summary
More than 70% of trading value in South Korea’s $4.3 trillion stock market is now concentrated in Samsung Electronics, SK Hynix and leveraged ETFs tied to the two chipmakers.
Late-May launches of ETFs designed to deliver twice the stocks’ daily returns have fueled retail buying and sharply increased turnover in those names.
Volatility has climbed with that surge, prompting criticism that regulators allowed risky products to dominate trading activity.
An opposition lawmaker has gone further, calling for the leveraged ETFs to be delisted as concerns grow over market concentration and retail speculation.