Minister apologizes as Korean leveraged ETF investors nurse heavy losses amid chip stock rout

Korean retail investors have racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year.

SEOUL, July 29 : Top South Korean policy makers apologised on Wednesday over the introduction of single-stock leveraged exchange-traded funds (ETFs), which have been blamed for intensifying a rout in the country's stock market. Finance Minister Koo Yun-cheol said he was sorry for introducing the product without careful

Morning Bid: Chip rout moves into pAnIc territory  Reuters

A global rout in chip stocks plunged the Nasdaq into correction territory on Tuesday just hours after South Korea’s bourse was forced to halt trading, in a sharp change of fortunes for what has been one of the year’s top performing exchanges. New York’s tech-heavy index fell nearly two per cent at the US market…

Just weeks after driving major indexes such as the S&P 500 and Nasdaq Composite to record highs, semiconductor stocks are taking a beating once again.

It’s a chip panic that “appears to be indiscriminate,” analysts say.

STOCK markets are tumbling in Asia amid an AI-sell off as investors dump some of the industry’s biggest chip stocks.

Samsung and SK Hynix fall by more than 10% amid renewed fears over AI spending and Chinese competition Business live – latest updates The sell-off in AI stocks has intensified, driving South Korea’s stock market down to its lowest level in three months. Investors continued to ditch chip stocks on Tuesday, amid rising

South Korea's Kospi index plunged more than 10% on Tuesday morning as chipmaking stocks came under heavy selling amid renewed concerns over whether the artificial intelligence boom can be sustained.

SK Hynix and Samsung shares slide and trading halt triggered on South Korea’s Kospi

TOKYO (Kyodo) -- The Nikkei stock index plunged over 4 percent early Tuesday as semiconductor-related shares tracked losses by U.S. counterparts amid

The Japanese memory chipmaker is in the crosshairs of a rush by investors to ramp up bets on the AI boom that has turned leveraged ETFs into a $270 billion business.