According to Korea Exchange and Koscom, retail investors reversed course on July 24, purchasing 4.5 trillion won in single-stock leverage ETFs tracking Samsung Electronics and SK Hynix after regulators delayed a major regulatory tightening. The shift followed sharp selling pressure on July 21-23, when individual traders had sold 5 trillion won in the same products, but raced back in after financial authorities postponed the implementation of a deposit requirement increase from August 5 to July 31.
Samsung Electronics fell 7.59% and SK Hynix dropped 8.34% on the day, triggering corresponding declines of roughly 15% and 17% in their respective leverage products. Analysts attributed the buying reversal to both bargain-hunting during the market selloff and investors seeking to establish positions ahead of the stricter deposit requirements.