Bank of Korea says policy stance needs to remain consistent with further rate hikes.

Data published July 15 by FnGuide Quantwise and Mirae Asset Securities show four single-stock leveraged ETFs issued by Mirae Asset Global Investments and Samsung Asset Management—tracking Samsung Electronics and SK Hynix—suffered a cumulative mark-to-market loss of KRW8.8337 tln from July 1–13. AUM for those four ETFs fell from KRW14.3518 tln to KRW8.9389 tln, a 37.7% decline. Across all 14 KRX-listed single-stock leveraged ETFs tracking Samsung Electronics and SK Hynix, assets under management dropped 41.4%—from KRW15.9349 tln at end-June to KRW9.3386 tln on July 13—with Samsung-linked leveraged ETF AUM down 35.3% and SK Hynix-linked leveraged ETF AUM down 44.9%. Korea Capital Market Institute data show individual investors had net bought KRW8.2 tln of single-stock leveraged ETFs as of June 19, about 60% of the related AUM, indicating a substantial portion of recent losses may be borne by retail holders.

US 4-month Treasury bill auction maturing Jul 15 — stop-out yield 3.35%, prior 3.79%.