0258 GMT - The 2X leveraged exchange traded funds tracking Samsung Electronics and SK Hynix would need to rise about 33% to regain June 22 levels, implying a roughly 16.5% rebound in the underlying stocks, according to derivatives and quantitative strategist Gaudenz Schneider in a note published on Smartkarma. The note says yesterday's double-digit drop in Samsung Electronics and SK Hynix sent the ETFs down nearly 25%, with the Samsung 2X ETF down 5.4% since its 27 May launch. South Korea's new 2X single-stock ETFs can enhance returns in trending markets, but choppy conditions can rapidly erode value, making them best suited to short-term tactical momentum exposure, he says. Shares of Samsung are up 7.5%, while SK Hynix shares are 2.5% higher. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
June 23, 2026 22:58 ET (02:58 GMT)
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