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Leveraged Korea ETFs Sold Estimated $6 Billion of Shares in Rout

Source: feeds.bloomberg.com 1 min read

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Leveraged Korea ETFs Sold Estimated $6 Billion of Shares in Rout

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Leveraged exchange-traded funds tracking Samsung Electronics Co. or SK Hynix Inc. probably sold a combined $6 billion of the Korean chipmakers’ shares Tuesday to maintain their ratios, underscoring such products are amplifying market moves, Bloomberg Intelligence says.

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