On the 27th, when single-stock leverage ETFs for Samsung Electronics and SK hynix were listed, the share prices of the two stocks are surging in early trading.

On the 27th, a board in the dealing room at Hana Bank in Jung-gu, Seoul displays KOSPI and share prices of Samsung Electronics and SK hynix. As of 9:02 a.m., the KOSPI is up 400.18 points (4.97%) from the previous day at 8,447.69. /Courtesy of Yonhap News.

As of 9:21 a.m. that day, Samsung Electronics is trading at 316,000 won, up 17,000 won (5.69%) from the previous session. It traded at 330,000 won intraday, hitting an all-time high.

At the same time, SK hynix is also trading at 2,225,000 won, up 173,000 won (8.43%) from the previous session. It traded at 2,285,000 won intraday, likewise setting an all-time high.

This is seen as the result of the listing of single-stock leverage products for Samsung Electronics and SK hynix that day. These products track the daily moves of Samsung Electronics and SK hynix by two times, and there had been expectations that their launch would amplify market volatility.

At 9 a.m. that day, eight asset managers—Samsung, Mirae Asset, Korea Investment, KB, Hanwha, Kiwoom, Hana, and Shinhan—each listed two products, with a total of 16 single-stock leverage ETFs debuting simultaneously.

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