South Korean Financial Authorities Pull Forward Margin Rules for Single-Stock Leveraged ETFs to July 31

1. 1South Korea's Financial Services Commission moved up the implementation date of its tightened margin measures for single-stock leveraged ETF trading to July 31.
2. 2Retail investors must now maintain a 30 million won (approximately $20,437) cash deposit to trade single-stock leveraged ETFs, a step previously scheduled to take effect in August.
3. 3The move comes after criticism that the approval in late May of single-stock leveraged ETFs tied to Samsung Electronics and SK Hynix heightened volatility, prompting authorities to act against speculative trading.

Source Reuters · View original ↗

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