Leveraged ETFs tracking Korea’s major semiconductor names, including Samsung Electronics and SK Hynix, have plunged since end‑May listings, exposing retail investors to large losses. More than ten such funds are near halved; the largest, KODEX SK Hynix single‑stock leveraged ETF (AUM $3.4bn), is down about 45% since listing and over 60% from its June high. Jung In Yun, CEO of Fibonacci Asset Management, said many retail investors treated these ETFs as long‑term holdings and that the losses could

Leveraged ETFs tracking Korea’s major semiconductor names, including Samsung Electronics and SK Hynix, have plunged since end‑May listings, exposing retail investors to large losses. More than ten such funds are near halved; the largest, KODEX SK Hynix single‑stock leveraged ETF (AUM $3.4bn), is down about 45% since listing and over 60% from its June high. Jung In Yun, CEO of Fibonacci Asset Management, said many retail investors treated these ETFs as long‑term holdings and that the losses could curb retail buying of semiconductor stocks and leave any market recovery more dependent on foreign institutional inflows.