South Korea's FSC Tightens Single-Stock Leverage ETF Rules, Raises Minimum Investment to 30M Won

According to BlockBeats, on July 18, South Korea's Financial Services Commission (FSC) announced a tightening of leverage ETF regulations, suspending new single-stock leverage ETF listings and raising the minimum investment requirement from 10 million won to 30 million won. The FSC also increased minimum transaction units to reduce the market-amplifying effects of high-leverage products on volatility.

Meanwhile, the week saw escalating U.S.-Iran military tensions as U.S. airstrikes targeted Iranian positions, prompting expanded Iranian retaliatory strikes on American military facilities in the Middle East. On the finance front, major U.S. banks reported second-quarter earnings that exceeded expectations, with JPMorgan Chase, Goldman Sachs, Citigroup, and Morgan Stanley citing recovery in trading and investment banking operations as key profit drivers.