Market Volatility and Disruptions in Trading US ETFs
Amidst recent sharp fluctuations in domestic and international stock markets, the deviation rates of Korean ETFs have significantly increased. On the 5th, when the KOSPI plummeted by 8.77%, there were 260 disclosure notices of excessive deviation rates, particularly pronounced in tech-themed ETFs and derivative products. The 'TIGER Philadelphia Semiconductor Leveraged ETF' recorded the highest deviation rate of 17.90%, urging investors to exercise caution.
The sudden market volatility has also caused disruptions in Korean securities firms' weekly trading services for US stocks, with system issues originating from the American alternative trading system Blue Ocean. Blue Ocean notified its partner securities firms that only a limited number of ETFs could be traded, excluding popular semiconductor ETFs favored by domestic investors. Many orders were unilaterally canceled by Blue Ocean, leading to canceled profits and losses, and investors are filing complaints with the Financial Supervisory Service and preparing lawsuits against the securities firms.
This issue has persisted for three days, with eligible trading stocks including 'QQQ', 'TQQQ', 'SQQQ', 'SPY', 'TLT', and 'XLK', while 'SOXX', 'SOXS', 'SOXL' are excluded. Blue Ocean has yet to clarify the reasons, exacerbating investor confusion and anxiety.
Related ETF
Related News
US Stock Weekly Trading Disrupted for 3 Days... Only Some ETFs Resume - Cookie NewsDue to the sharp volatility of the global stock market, the US stock weekly trading service through domestic securities companies has been suspended for the third day. From this day, only some Exchange-Traded Funds (ETFs) are resuming trading
U.S. Stock Weekly Trading Service Disrupted for Third Day… FSS 'Investigating Details' - KBS NewsDomestic securities firms' U.S. stock weekly trading services have been disrupted for the third day. According to the financial investment industry, domestic...
U.S. Stock Weekly Trading Falters for Third Day…Only Some ETFs Tradeable - Yonhap News(Seoul=Yonhap News) Reporter Song Eun-kyung = Due to the sharp volatility in the global stock market, domestic securities firms' U.S. stock weekly trading services have been disrupted for the third consecutive day.
In a Rollercoaster Market... ETF Premium Surges 20 Times - Seoul Economic DailySecurities > Domestic Stock Market News: With domestic and international stock markets repeatedly rising and falling sharply, creating a rollercoaster market, the premium rates of domestic Exchange Traded Funds (ETFs) have soared steeply. Pri...
Related ETF