In early trading on the 9th, ACE SK hynix single-stock leveraged is down more than 37%. That contrasts with a 6% surge in the underlying asset, SK hynix.

On the 27th of last month, when single-stock leveraged exchange-traded funds (ETF) for Samsung Electronics and SK hynix launch, an individual investor checks a mobile trading system (MTS) at an office in Seoul. /Courtesy of News1

As of 9:19 a.m. that day, ACE SK hynix single-stock leveraged was trading at 18,895 won, down 11,105 won (37.02%) from the previous trading day.

At the same time, even though the underlying asset SK hynix jumped 7% from the previous trading day, the leveraged product that tracks SK hynix at 2 times is plunging.

This is seen as the result of an anomalous fill at a high bid just before the previous day's market close. Korea Investment Management, which operates the ACE ETF, said, "Just before the close, when there is no obligation to submit quotes, the LP quotes widened, and as bids spiked, investors who placed market buy orders were filled, sending the price sharply higher."

Meanwhile, other single-stock leveraged products with SK hynix as the underlying asset are rising. KIWOOM SK hynix futures single-stock leveraged is up 15%, TIGER SK hynix single-stock leveraged is up 14%, and RISE SK hynix single-stock leveraged is up 13%.

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