Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
tag
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
IPO
2026 World Cup
Rewards

SK Hynix Plunges 15%, Triggering $5B Forced Sell-Off in Leveraged ETFs on July 13

GateNews
StocksIndices
SKHY9.07%
GS9.13%
According to Bloomberg, on July 13, South Korea's KOSPI index experienced a sharp downturn driven by leveraged ETFs forced to unwind positions, highlighting how derivatives have become the market's primary driver rather than corporate fundamentals. When SK Hynix stock fell 15%, leveraged ETF managers conducted fire sales totaling approximately $5 billion in the semiconductor stock to maintain exposure ratios, creating a vicious cycle that further depressed prices. Goldman Sachs estimated the forced sales represented roughly 18 percent of SK Hynix's spot and futures trading volume that day. Bloomberg noted that leveraged ETFs tracking Samsung Electronics and SK Hynix, launched in May, have declined approximately 40 percent to date, with the volatility increasingly disconnected from underlying company performance.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

1h ago
South Korea's KOSPI Tumbles 9% on July 13, Rebounds 6% Amid Leveraged ETF Concerns
4h ago
SK Hynix, Samsung Electronics Surge 8.83% and 6.27% on July 15, Inverse ETFs Plunge 18.22% and 12.09%
7h ago
Inverse Leveraged ETFs Plunge 26% as SK Hynix and Samsung Electronics Rally on July 15
7h ago
SK Hynix Plunges 15.37% on July 13 as Leveraged ETF Forced Liquidations Amplify Market Selloff
15h ago
Single-Stock Leveraged ETFs Account for 40% of KOSPI Trading on July 14 as Retail Traders Engage in High-Frequency Swaps
In-Depth Analysis

Korean Securities Firms Issue Trillions in Bonds Amid Leveraged ETF Margin Pressure

Lucas Bennett4h ago

Samsung and SK Hynix Leveraged ETFs Record 12 Trillion Won Trading Despite New Lows

Lucas Bennett5h ago

Goldman Sachs: KOSPI Support at 6,800 as Leveraged ETF Selling Amplifies Stocks Decline

Lucas Bennett07-14 05:15
Comment
0/400
No comments