韩国议员警告KOSPI指数“已沦为赌场”，呼吁推动杠杆ETF退市

Odaily Planet Daily News: Concerns among South Korean lawmakers over the risks of single-stock leveraged ETFs are intensifying, with an opposition party lawmaker calling for the delisting of such products. On Monday, Ahn Cheol-soo, a lawmaker from the conservative People Power Party and former presidential candidate, posted on social media calling for strong corrective measures, including delisting, against Korean leveraged ETFs that track Samsung Electronics and SK Hynix.

He wrote that the Korea Composite Stock Price Index (KOSPI) has "degenerated into a casino" and that such products represent "a complete policy failure, eating away trillions of won in corporate value and national wealth every day." His remarks have heightened concerns among policymakers and investors regarding the risks of these ETFs. These products aim to deliver twice the return of the underlying stocks, and their mechanical rebalancing process forces them to buy more when prices rise and sell more when they fall, potentially amplifying market volatility. (Jin Shi)