South Korea is launching its first single-stock leveraged ETFs tied to chipmakers Samsung Electronics and SK Hynix. The products aim to double daily stock movements and target retail investors.
The new ETFs will track the performance of the two major chip companies, which have benefited from the global AI boom. They are designed to deliver twice the daily returns of the underlying stocks, increasing both potential gains and losses for holders.
በAI የተዘገበ በ AI የተሰራ ምስል
Seoul stocks opened higher Thursday on sustained demand for Artificial Intelligence, with the benchmark KOSPI rising 207.25 points, or 3.05 percent, to 7,004.95 as of 9:35 a.m.
Exchange-traded funds tied to the KOSPI index and South Korean chipmakers are scheduled for launches overseas later this year.
በAI የተዘገበ
US markets closed higher with the S&P 500 near record levels. The gains followed SK Hynix's strong Nasdaq debut and renewed momentum in AI-linked chip stocks. Investors stayed cautious ahead of earnings season and inflation data.
Seoul shares opened higher on Monday, driven by gains in technology companies ahead of second-quarter earnings results.
በAI የተዘገበ
The KOSPI reached a record high on May 29 while its volatility index also climbed. The benchmark closed at 8,476.15, up 3.55 percent, and the VKOSPI rose 3.72 percent to 74.26.
Seoul shares plummeted 5.4 percent on July 8 as technology stocks extended losses amid investor concerns over the Artificial Intelligence trade.
በAI የተዘገበ
President Lee Jae Myung announced on June 29 massive investment plans by Samsung Electronics and SK Hynix totaling 800 trillion won for a new semiconductor cluster. The move is part of three megaprojects focused on semiconductors, physical AI and AI data centers.