Samsung, SK Hynix Single-Stock Leveraged ETFs Plunge 28-29% on July 28

According to the Korean Exchange, single-stock leveraged ETFs tracking Samsung Electronics and SK Hynix fell around 28-29% on July 28. The decline was driven by the underlying stocks dropping 13.39% and 14.65%, respectively, with leveraged funds amplifying the losses. Inverse 2x ETFs surged in tandem, gaining over 26% as investors hedged downside exposure.

Securities analysts noted the market may have overreacted, citing oversold technical indicators and upcoming earnings reports from major holdings that could shift sentiment.

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