• The decline comes as South Korea's Financial Supervisory Service (FSS) expressed regret over the hasty launch of leveraged ETFs and is considering stabilizing measures to curb volatility in the stock market.
  • The FSS had previously issued an investor warning on such products, which have fueled record borrowed investment by retail investors.
  • This is highly relevant to Direxion Daily South Korea Bull 3X Shares, a leveraged product that amplifies the daily movements of its underlying index, the MSCI South Korea index.