South Korean Retail Investors Face $4.8 Billion in Leveraged ETP Losses

South Korean retail investors posted about $4.8 billion in losses on leveraged exchange-traded products tied to Samsung Electronics and SK Hynix, with investors in their 40s suffering the largest aggregate loss. The tally covers May 27 through Aug. 14 across accounts at 10 Korean brokerages. It combines losses on completed trades with declines in the value of positions investors still held at the end of the period. Those paper losses made up the larger share of the total. Investors in their 40s recorded the largest aggregate loss among age groups across 165,200 accounts.

Source: TokenPost