CSOP Samsung Electronics Daily (2x) Leveraged Product (07747) plummeted 9.30% intraday on Wednesday, reflecting heightened volatility in leveraged products tied to Korean equities.

The sharp decline follows a severe selloff in the Korean market, where the KOSPI index plunged over 8% earlier this week, triggering a circuit breaker and halting trading. Samsung Electronics, the underlying asset, fell as much as 11% during the session.

The downturn was initially triggered by a Black Friday selloff in the US semiconductor sector, where the Philadelphia Semiconductor Index plunged 10.3% amid rising expectations for Federal Reserve rate hikes. Foreign investors accelerated the pressure by net selling over $10 billion worth of KOSPI constituents in the prior week. Structural vulnerabilities in the Korean market, including high concentration of Samsung and SK Hynix in the KOSPI and near-record retail margin loans, amplified the decline and raised forced liquidation risks.