South Korea Leveraged Hynix ETF Plunges 25.7% Today, Down 81% Since July Start

According to PANews citing Cailianpress, the South Korean equity market weakened today (July 29), driving South Korea Leveraged 2x Hynix ETF down 25.72% at Hong Kong midday close. The product has declined 81.05% since the beginning of July. Asset under management fell to 31.92 billion HKD, representing a 70% contraction from its peak. A related 2x leveraged Samsung Electronics product also slid 16.56% today and 69.55% this month.
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