On July 14, it was reported that leveraged products tracking Korea's core chip stocks have recently plummeted, which has had a huge impact on the Korean stock market and financial market. According to data compiled by the industry, the current prices of more than a dozen leveraged open index funds tracking Samsung Electronics and SK Hynix, which were listed in late May, are close to falling short. According to reports, the high-level coordination mechanism of the four major economic departments of the South Korean government will hold a meeting on Thursday to study and respond to the impact of single-share leveraged ETFs on the stock market. This is the first time that this topic has officially entered this mechanism to discuss.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.