On October 13, the South Korean KOSPI index briefly fell below 6,000 points during trading. Leveraged ETFs tracking Samsung Electronics and SK Hynix as single-stock stocks closed sharply lower, with some products falling by more than 20%. The SK Hynix single-stock leveraged ETF, in particular, hit its lowest closing price since its listing.
According to data from the Korea Exchange and financial information service provider Infomax, on the 13th, seven single-stock leveraged ETFs tracking SK Hynix and seven single-stock leveraged ETFs tracking Samsung Electronics fell by 20.10%-20.65% and 14.25%-16.63% respectively compared to the previous trading day. SK Hynix and Samsung Electronics' underlying stocks fell by 10.09% and 7.39% respectively compared to the previous trading day.
Among them, the KODEX and TIGER
SK Hynix single-stock leveraged ETFs, with the largest net asset value, closed down 20.21% and 20.28% respectively; the KODEX and TIGER Samsung Electronics single-stock leveraged ETFs fell 15.18% and 14.84% respectively.
Notably, the KODEX and TIGER
SK Hynix single-stock leveraged ETFs closed at 6,980 won and 5,905 won respectively, lower than the closing prices of 6,995 won and 5,910 won on July 30, marking their lowest closing prices since their listing on May 27. Currently, the prices of these two ETFs are even less than one-third of their listing prices of 23,450 won and 19,985 won respectively.
The KODEX and TIGER Samsung Electronics single-stock leveraged ETFs closed at 9,410 won and 8,535 won respectively, the third lowest closing prices since their listing. Currently, the prices of these two ETFs have fallen to less than half of their initial public offering prices of 21,635 won and 19,975 won, respectively.
