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Korean stock market volatility brings brokerage shares back into focus on trading turnover

Volatility in South Korea\'s stock market has surged, with sharp rallies in large semiconductor and AI shares followed by steep pullbacks. Record-high trading turnover has lifted attention on brokerage shares, which lagged the index despite earlier gains this year. Average daily turnover hit 106.2 trillion won in May, and ETF turnover rose after single-stock leveraged and inverse products listed. Analysts expect second-quarter brokerage fee income to rise, though investment gains remain a key risk.

Finance

Mirae Asset Securities lists leveraged single-stock ETNs on Samsung Electronics, SK hynix

Mirae Asset Securities will newly list 2 leveraged single-stock exchange-traded notes (ETNs) that track twice the daily returns of Samsung Electronics and SK hynix, it said. The ETNs follow daily moves in the KRX Samsung Electronics TR Leverage Index and the KRX SK hynix TR Leverage Index calculated by Korea Exchange. Mirae Asset said the ETN structure can track index returns more precisely after expenses. It cautioned the products are high-risk.

Finance

Korea Exchange, Nextrade to close on local election day and Constitution Day

The Korea Exchange and alternative trading platform Nextrade will close their markets on June 3 and July 17 after the government designated local election day and Constitution Day as public holidays. The Korea Exchange said the shutdown covers securities, derivatives and general commodities markets, including night trading. Oil, gold and emissions markets will also close, along with certain OTC derivatives clearing and its trade repository. Trading on the alternative venue will also be halted.