韩国股市杠杆狂热：ETF规模飙升至450亿美元，杠杆敞口创历史新高

Odaily Planet Daily News: The Kobeissi Letter analysis pointed out that the leverage trading frenzy in the Korean stock market continues to spiral out of control. The assets under management (AUM) of leveraged ETFs have surged to approximately $45 billion, hitting a record high and accumulating over 800% growth since the beginning of 2026.

Meanwhile, the ratio of leveraged exposure to free-float market capitalization has risen to about 2.9%, more than tripling from January levels, indicating that tradable shares in the market are being highly leveraged and amplified.

At the individual stock level, the 2x Long SK Hynix ETF listed in Hong Kong once grew to approximately $15 billion, becoming the world's largest single-stock leveraged product.

In comparison, the 2x Long ETFs tracking popular targets such as Micron, NVIDIA, SanDisk, and Tesla have historically never surpassed $10 billion in size.

The analysis points out that leverage levels in the Korean market are already in an extreme state, with risk exposure rapidly accumulating, raising concerns about potential volatility amplification.