The CSOP SK Hynix Daily (2x) Leveraged Product (07709) plummeted 10.05% during intraday trading on Wednesday, reflecting a sharp decline in the leveraged exchange-traded fund.

The sell-off occurred amid a broad downturn in South Korean exchange-traded funds, with the benchmark KOSPI index extending losses to 6% on the same day. The movement coincides with heightened regulatory attention, as several financial regulators in South Korea have issued warnings about extreme market swings, specifically pointing to leveraged ETFs linked to semiconductor stocks. The National Assembly has initiated a review focused on single-stock leveraged ETFs, with discussions centered on potentially tightening regulatory controls, including the possibility of delisting such products from the exchange.