On July 17, Direxion Daily Semiconductor Bull 3X ETF (SOXL) declined 10.81% in regular trading, trading at $122.06/share, with turnover of $26.1 billion.

On the news front, South Korea's Financial Services Commission announced it would raise the minimum margin requirement for chip leveraged ETFs from 10 million won to 30 million won, accepting only cash as collateral, and banning new single-stock leveraged product listings, triggering forced deleveraging. Simultaneously, the Bank of Korea raised interest rates by 25 basis points to 2.75%, further tightening liquidity conditions.

The semiconductor sell-off continued to intensify, with storage stocks bearing the brunt: SK Hynix fell 13.48%, SanDisk dropped 12.6%, Seagate declined 10%, and Western Digital lost 9.22%. A Bank of America fund manager survey showed 82% of respondents consider long semiconductors the most crowded trade, with hedge funds net-selling chip hardware stocks for consecutive weeks.

As a 3x leveraged product tracking the Philadelphia Semiconductor Index, SOXL magnifies underlying index volatility, significantly amplifying losses during broad sector pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)