Two consecutive days of "reverse clubbing"! SK Hynix soars 13%, 2x leveraged ETF plunges 40%
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A leveraged single-stock ETF tracking SK Hynix in South Korea experienced directional dislocation for two consecutive trading days, once again drawing heightened market attention to the structural risks of such products.
The KIM ACE SK Hynix ETF, which provides 2x long exposure to SK Hynix, plunged nearly 40% at one