Leveraged Korea ETFs Sold Estimated $6 Billion of Shares in Rout
Leveraged exchange-traded funds tracking Samsung Electronics Co. or SK Hynix Inc. were likely forced to sell a combined $6 billion of the Korean chipmakers’ shares Tuesday to maintain leverage ratios,...
By Charlotte Yang · Bloomberg Markets
Leveraged exchange-traded funds tracking Samsung Electronics Co. or SK Hynix Inc. were likely forced to sell a combined $6 billion of the Korean chipmakers’ shares Tuesday to maintain leverage ratios, underscoring how such products can amplify market moves, according to Bloomberg Intelligence.