Single-Stock Leverage Products Hit Record Lows Amid Samsung, SK Hynix Plunge

As Samsung Electronics and SK Hynix plummeted once again today (Oct. 15), single-stock leverage products also broke record lows.

According to the Korea Exchange and Koscom CHECK, 14 single-stock leverage products recorded declines of 19% to 22% on this day.

This came as their underlying assets, SK Hynix and Samsung Electronics, plunged 11.06% and 9.48%, respectively.

Among them, KODEX SK Hynix Single Stock Leverage and TIGER SK Hynix Single Stock Leverage, which boast high trading volumes, fell 21.70% and 22.13% to close at 5,285 won and 4,470 won, respectively.

KODEX Samsung Electronics Single Stock Leverage and TIGER Samsung Electronics Single Stock Leverage posted declines of 19.63% and 19.01%.

Consequently, a series of record lows were broken.

KODEX and TIGER SK Hynix Single Stock Leverage hit rock bottom once again following consecutive declines on Oct. 14 and 15, after already recording their lowest closing prices on Oct. 13.

Compared to their listing prices of 23,450 won and 19,985 won, respectively, they have fallen to about one-fifth of their value.

Samsung Electronics single-stock leverage products also dropped to their lowest levels since their listing on May 27.

KODEX Samsung Electronics Single Stock Leverage closed at 7,595 won, lower than its previous record-low closing price of 8,345 won on July 30.

TIGER Samsung Electronics Single Stock Leverage also saw its closing price fall to 6,880 won on this day, dropping below its previous record low of 7,640 won on July 30.

On the other hand, two "gobverse" products that track -2x the returns of SK Hynix and Samsung Electronics surged over 20%.

SOL SK Hynix Futures Single Stock Inverse 2X rose 21.36% to close at 10,795 won, while PLUS Samsung Electronics Futures Single Stock Inverse 2X gained 20.34% to finish at 12,600 won.

Due to the stock price drops, the total market capitalization of the 16 single-stock leverage and inverse products decreased by 807.8 billion won, falling from 4.3635 trillion won to 3.5557 trillion won on this day.

Trading value, combining purchases and sales, came to 803.7 billion won, up 58.5% from the previous day.

Retail investors net-purchased 42.2 billion won of KODEX SK Hynix Single Stock Leverage and 24.8 billion won of KODEX Samsung Electronics Single Stock Leverage on this day.

Meanwhile, foreign investors net-sold 18.4 billion won and 5.7 billion won of the respective products.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.