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Finance

Betting on a shaky Korean market: Are Korean retail investors going all-in on leverage?

Korean investors are continuing high-risk leveraged trading in U.S.-listed ETFs as South Korea’s stock market swings sharply, data showed. From Sept. 18 to Oct. 21, Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) ranked first in foreign securities purchases, with net buying of $2.76 billion. Demand also rose for Direxion Daily MSCI South Korea Bull 3X Shares ETF (KORU) and Nasdaq-linked leveraged products. Meanwhile, short-term risk funds and margin financing in Korea declined.

Crypto

U.S. investors can buy options on Canadian XRP ETFs, expanding regulated derivatives

Options on XRP exchange-traded funds listed in Canada have been registered for sale to U.S. investors, expanding access to regulated XRP-linked derivatives. The Canadian Derivatives Clearing Corporation registered options based on the Evolve XRP ETF and Purpose XRP ETF under the Form S-20 framework. The filing does not mean the options are directly listed on a U.S. exchange. The framework already covers options tied to bitcoin, ether and solana ETFs.

Finance

Korean retail investors pay 10 percent premium for SK Hynix ADR

Korean retail investors sharply increased purchases of U.S. stocks during a domestic market correction, with July net buying at about $4.5 billion, CNBC reported. SK Hynix ADRs drew about $840 million, ranking second in Koreans’ U.S. securities net buying, even though the shares are available at home. Arcadian Asset Management’s Owen Lamont said the ADR traded about 10 percent above the Korean shares and called the buying abnormal.