US stocks2026-10-02 13:33:28Nasdaq opens up 1.2% as U.S. stocks rise; memory chip names splitU.S. stocks opened higher on Oct. 2, according to market data from BIT (Bit.com), with the Dow Jones Industrial Average up 0.62%, the S&P 500 gaining 0.9%, and the Nasdaq rising 1.2%. Trading in memory chip-related stocks was mixed at the open. Seagate Technology (STX.O) fell 14%, while Western Digital (WDC.O) dropped 9.8%. Rambus (RMBS.O) moved the other way, adding 3%. Tesla (TSLA.O) also traded higher, rising 2.3% after its third-quarter delivery figure came in above expectations. The move left major U.S. indexes broadly positive at the opening bell, while chip stocks showed a clear split in direction.110
South Korea2026-07-29 12:11:09Bloomberg ETF analyst says South Korean politicians are using 2x leveraged ETFs to attack the governmentBloomberg ETF analyst Eric Balchunas said South Korean politicians are using 2x leveraged ETFs as a line of attack against the government, following criticism raised at a hearing. In a post on X, Balchunas cited People Power Party lawmaker Lee Jongwook, who told Koo that the country had turned into a casino and that such products should never have been allowed into the market, calling the situation a policy failure. Balchunas argued that the bubble and subsequent pullback were driven instead by the AI boom, which sparked heavy market interest in memory chip makers. In his view, 2x leveraged ETFs were only a vehicle for gaining that exposure. He also said South Korea may not be the best market for 2x single-stock ETFs because the underlying shares lack sufficient liquidity, making it easier for derivatives to feed back into and affect the underlying stock.2120
