Another overnight plunge and trading halt:
-KOSPI is down 36% from its peak made just a month ago.
-It has erased all gains since February, and given back 2/3 of YTD returns.
-5 months of gains wiped in 5 weeks.
At today's low, SK Hynix was down 58% from its June high:
-The 2x ETF (7709) is down 80%, and still has $6 billion in AUM.
-The 3x ETF is down 96%.
*Korea will increase levered ETF deposit requirements on July 31.
The 3x SK Hynix fund was launched one month ago, peaked at 36 three weeks ago, and is trading at 4.
The 2x fund (7709 HK) is down 70%, and still has $9bn in AUM...