Leveraged products that track double the daily fluctuations of Samsung Electronics and SK hynix are surging 10% and 16%, respectively, on their first day of listing.

On the 27th, as the KOSPI tops 8,400 intraday for the first time, the KOSPI is shown on the board at the dealing room of Hana Bank in Jung District, Seoul. The KOSPI opens at 8,242.12, up 194.61 points (2.42%) from the previous day. /Courtesy of News1.

As of 9:28 a.m., in the Korea Exchange, KODEX SK hynix Single-Stock Leverage is trading at 27,150 won, up 3,700 won (15.78%) from the previous session. It at one point jumped 30% early in the session to trade at 30,650 won.

At the same time, TIGER SK hynix Single-Stock Leverage and SOL SK hynix Single-Stock Leverage are up 16%, and Mirae Asset Leverage SK hynix Single-Stock and RISE SK hynix Single-Stock Leverage are surging 17%.

KODEX Samsung Electronics Single-Stock Leverage, which tracks Samsung Electronics at double, is trading at 23,880 won, up 2,245 won (10.38%) from the previous session. TIGER Samsung Electronics Single-Stock Leverage and RISE Samsung Electronics Single-Stock Leverage are also up 10%, and Mirae Asset Leverage Samsung Electronics Single-Stock is rising 12%.

At 9 a.m. on the 27th, eight asset managers — Samsung, Mirae Asset, Korea Investment Trust, KB, Hanwha, Kiwoom, Hana, and Shinhan — each listed two products, for a total of 16 single-stock leveraged ETFs debuting simultaneously. This is the first time leveraged products that track a single stock at double have been launched.

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