Korean Stocks Continue to Fall, Samsung Plunges Over 4%, KODEX 2X Leverage ETF Surges 14% Against the Trend

BlockBeats News, July 20th. According to Bitget data, on July 20th, the South Korean KOSPI Index closed down 304.33 points on Monday, a decrease of 4.46%, to 6516.27 points. SK Hynix fell by 4.23%, and Samsung Electronics fell by 4.31%.

Of note, the Hong Kong-listed double long SK Hynix ETF surged 14% against the trend today.

Some market analysts pointed out that such phenomena may be due to liquidity issues and market maker failures leading to price dislocations. In addition, ETF leveraged reset and rebalancing feedback may also be one of the reasons for the appearance of a reverse fluctuation.