Korea puts brake on leveraged chip ETFs

South Korea is tightening restrictions on single-stock leveraged exchange-traded funds tracking the country's top chipmakers, which regulators have blamed for exacerbating market volatility, the Finance Ministry announced Thursday. The measures include tripling the minimum cash deposit requirement and suspending new listings of similar products. Following a meeting of the country's top financial policymakers, including the heads of the Finance Ministry, the Financial Services Commission, the Fi