SK Hynix 2x Leveraged ETF Drops About 70% from All-Time High

Odaily Planet Daily News: South Korean retail investors making leveraged AI bets have suffered massive losses after a sharp market reversal, exposing the risks associated with speculative trading frenzy. The losses have been particularly severe for investors holding single-stock leveraged ETFs linked to Samsung Electronics and SK Hynix. According to KB Financial Group, since the launch of single-stock leveraged ETFs on May 27, South Korean retail investors have net purchased 14 trillion Korean won (approximately $9.4 billion), while foreign investors have bought about 2 trillion Korean won. Currently, the situation is not favorable for them. According to LSEG, the KODEX SK Hynix 2x Leveraged ETF, which provides 2x leverage on SK Hynix shares, has fallen about 70% from its June high and has also dropped approximately 50% since its inception.

An investor wrote on a South Korean online trading forum: "I want to go back to before I started investing in stocks. Give me my money back." (CNBC)