South Korean equities fell sharply again on Aug. 19, according to market data cited by BlockBeats from Bitget. The move followed a decline in U.S. markets the previous day and hit major Korean heavyweight names. SK Hynix fell more than 8%, while Samsung dropped more than 7%. Leveraged products tied to the two stocks posted steeper losses. The CSOP 2x Long Hynix ETF fell 14.63%, and the CSOP 2x Long Samsung ETF lost 13.43%. The figures point to a broad risk-off move in Korean equities and amplified downside pressure in double-long exchange-traded products tracking the two companies.
South Korean stocks fell sharply again on Aug. 19, according to Bitget market data cited by BlockBeats, extending losses after the previous day’s decline in U.S. markets.
Among major components, SK Hynix dropped more than 8% and Samsung fell more than 7%. The related leveraged products posted larger declines, with the CSOP 2x Long Hynix ETF down 14.63% and the CSOP 2x Long Samsung ETF falling 13.43%.
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