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 Thursday at a fresh high above 6,700, driven by solid chip demand expectations following strong first-quarter earnings from Samsung Electronics and U.S. big tech firms. The benchmark KOSPI rose as high as 6,739.39 at the opening bell before adding 19.51 points, or 0.29%, to 6,710.41 as of 9:15 a.m. The index had closed at a new peak of 6,690.90 the previous day, marking three straight days of gains.
Exchange-traded funds tied to the KOSPI index and South Korean chipmakers are scheduled for launches overseas later this year.
በAI የተዘገበ
Seoul shares opened higher on Tuesday, propelled by Samsung Electronics' record first-quarter earnings. The benchmark KOSPI rose 2.47 percent to 5,584.76 in the first 15 minutes of trading. Strong demand for AI-related chips drove the profit surge.
South Korean stocks opened sharply higher on Thursday amid optimism over US-Iran talks and a tentative wage agreement at Samsung Electronics. The gains triggered a temporary trading halt on the futures market.
በAI የተዘገበ
Seoul's benchmark Kospi index briefly topped 6,700 points on Tuesday, hitting a new intraday record driven by large-cap tech shares. The gain came ahead of first-quarter earnings from US big tech firms such as Alphabet and Meta. As of 9:15 a.m., the Kospi stood at 6,656.05, up 41.02 points or 0.62 percent.