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Open original source ↗I'm going to miss the days of Korean retail reacting heavily to $EWY / Samsung / $SKHY daily volatility.
New piece: "Korean day traders flee leveraged chip ETFs as regulatory curbs bite"
- Trading value in ETFs designed to deliver 2x daily returns of Samsung / SK Hynix has fallen to just 4% of its June peak
- The requirement follows earlier measures, including a higher minimum deposit, aimed at cooling speculative activity
- And then came the final boss... A 5 day trading course where:
"Investors must download a Windows-only program and spend at least one hour each day trading with virtual funds"
$MSFT Windows wiped out the Korean retail.