You can’t make this shit up. Sold 1T in long leverage ETF, half of that money immediately went to short leverage ETF to circumvent the new Korean rule, same day the Korean exchange went up 17% largest single gain ever.
**Headline:** With the ₩30 million deposit rule on single-stock leverage, index inverse ETFs are packed — retail buys ₩500bn.
**The rule:** effective July 31, minimum deposit for single-stock leveraged ETFs/ETNs went from ₩10M to ₩30M, and substitute securities (stocks, ETFs, bonds) that previously counted for up to 70% no longer qualify.
**Day one:** retail net-sold over ₩1 trillion of single-stock leverage. Biggest sales were KODEX SK Hynix leverage (₩587.9bn), KODEX Samsung leverage (₩215.6bn), TIGER SK Hynix leverage (₩153.7bn). Combined turnover across the 16 affected products fell from ₩12.4T to \~₩3T.
Retail bought \~₩500bn of index inverse ETFs instead — KODEX 200 Futures Inverse 2X led at ₩371.5bn.