SK Hynix, Samsung Electronics Surge 8.83% and 6.27% on July 15, Inverse ETFs Plunge 18.22% and 12.09%

According to Korea Exchange data, on July 15, SK Hynix and Samsung Electronics surged unexpectedly, causing inverse 2X leveraged ETFs tracking these stocks to plummet 18.22% and 12.09% respectively. Retail investors who had net purchased 67 billion won of SK Hynix inverse ETF and 9 billion won of Samsung inverse ETF the previous day—betting on further declines—suffered significant one-day losses.

South Korean President Lee Jae-myung instructed financial authorities on July 15 to develop rapid countermeasures for single-stock leveraged products, acknowledging widespread investor complaints about the instruments' volatility.