The Financial Services Agency warned single-stock leveraged ETFs can amplify Japanese market volatility and are unsuitable for sale in Japan. The FSA said such products are currently not permitted to trade in Japan but may be distributed overseas through local brokers. It said these products could have a material impact on Japanese financial markets. Leveraged ETFs linked to Kioxia Holdings, SoftBank Group and Nintendo are awaiting US listings; they target twice the daily return, or twice the in

The Financial Services Agency warned single-stock leveraged ETFs can amplify Japanese market volatility and are unsuitable for sale in Japan. The FSA said such products are currently not permitted to trade in Japan but may be distributed overseas through local brokers. It said these products could have a material impact on Japanese financial markets. Leveraged ETFs linked to Kioxia Holdings, SoftBank Group and Nintendo are awaiting US listings; they target twice the daily return, or twice the inverse daily return, of the underlying share or its ADR.