AISilicon Canalsabout 3 hours ago
South Korea bans new leveraged ETFs after crash
7 min read
South Korea banned new single-stock leveraged ETFs on July 16, two months after approving them, and tripled the minimum cash deposit to 30 million won. Daily forced selling on margin accounts hit 52.7 billion won in June, seven times last year's pace. The Kospi fell 6.37 percent on the announcement day.
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