KOREA'S FIRST-DAY DEAL WITH ETF FELL BY 75%

ON 31 JULY, ACCORDING TO THE KOREAN MEDIA, ON THE FIRST DAY OF RESTRICTIONS IMPOSED BY THE KOREAN FINANCIAL REGULATORY AUTHORITY ON A LEVERAGED ETF, THE TURNOVER OF THE PRODUCTS FELL SHARPLY TO A QUARTER OF THE PREVIOUS DAY ' S LEVEL. THE KOREAN EXCHANGE (KRX)'S TODAY'S LEVERAGE ETF TRANSACTION DATA SHOW THAT ON THE FIRST DAY OF THE NEW REGULATION, 16 LEVERAGES AND REVERSE ETF TOTALED 3.307 TRILLION WON. THIS FIGURE REPRESENTS A SIGNIFICANT DECLINE OF 75.3 PER CENT FROM THE PREVIOUS DAY (12,448.5 TRILLION WON). COMPARED TO THE AVERAGE DAILY TURNOVER OF 12.27 TRILLION WON IN JULY, THE STRONG REGULATORY MEASURES OF THE FINANCIAL REGULATORY SECTOR ARE ALSO EVIDENT IN CURBING FINANCIAL FLOWS. IF THE REVERSE PRODUCT IS EXCLUDED, THE TURNOVER OF 14 MAJOR LEVERAGE ETFS HAS ALSO FALLEN BY 64.4 PER CENT, FROM 6.9354 TRILLION WON THE PREVIOUS DAY TO 2.4686 TRILLION WON。