South Korean Retail Investors Reverse ETF Bets Between July 15-16, Buying Leveraged Products After 6.37% Index Drop

SK Hynix-11.52%
According to data from Korea Securities Exchange and TimefoliO Asset Management, retail investors in South Korea reversed their ETF trading direction on consecutive trading days in mid-July. On July 15, when the KOSPI index surged 6.24%, retail investors bought inverse ETFs and sold leveraged products. On July 16, as the KOSPI fell 6.37% and SK Hynix plummeted 11.53%, they reversed course, with KODEX SK Hynix Single Stock Leveraged ETF becoming the top net-buy product (265 billion won), while inverse ETFs dominated the sell rankings.
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