Rise of Major Semiconductor Stocks and Leverage ETF Investment Trends
Recent advances in major semiconductor stocks, driven by Samsung Electronics and SK Hynix, have resulted in strong performances by large-cap ETFs. This trend is linked to the surge in the KOSPI200 Index, while equal-weighted ETFs have underperformed relatively. ETFs heavily invested in Samsung Electronics and SK Hynix have particularly excelled, driving market gains. However, this focused investment phenomenon has increased leverage and relative market imbalance, prompting analysis that easing concentrated investment is essential for stable market growth.
Additionally, domestic investors are showing increasing interest in the Hong Kong stock market. Notably, SK Hynix's 2x leverage ETF has attracted 6.4 billion won, and Samsung Electronics' 2x leverage ETF has drawn in 4 billion won. Recently launched in Hong Kong, SK Hynix's 2x ETF has ranked 5th among net purchases, indicating high popularity, while Samsung Electronics' 2x product ranks 19th since listing. These leverage ETFs, with their high yields, are seen as potential supporters of the local stock market's growth, sparking expectations for additional listings.
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