Regulator set to rein in leveraged ETFs tied to Samsung, SK hynix amid wild volatility

• ·Authorities are preparing tougher rules as a surge in buying and selling fuels massive swings in the main bourse, with one politician likening it to a casino.
• ·Vociferous investor appetite for leveraged exchange-traded funds (ETF) for Samsung Electronics and SK hynix has grown so formidable since hitting the market less than two months ago that the Kospi largely fluctuates in step with the ETFs' daily flows.
• ·To counter the unprecedented volatility, the financial authorities are set to come up with measures against the single-stock ETFs that take doubled bets on the market bellwethers, according to Finance Minister Koo Yun-cheol on Tuesday.
• ·"We are working on measures to mitigate and minimize those problems," he said during a meeting with lawmakers.
• ·Lawmakers from both the ruling and opposition parties have demanded that the semiconductor-driven funds, with an estimated $9 billion in assets under management, be either scrapped or heavily regulated.

또 '검은 화요일'…삼전닉스 레버리지 와르르