South Korea's FSS probes whether retail investors were treated unfairly in SK hynix ETF case

South Korea's Financial Supervisory Service is reviewing whether retail investors were treated differently from institutions in handling losses from an abnormal price surge in the ACE SK hynix Single Stock Leverage ETF. On June 8 the ETF jumped 49.7% to 30,000 won while SK hynix shares fell 7.68%, with its premium to NAV exceeding 85%.

• On June 8 the ETF rose 49.7% to 30,000 won while SK hynix shares fell 7.68%
• Institutions recovered losses via erroneous-trade corrections; retail investors did not
• FSS estimates 1,081 ETF shares affected, with losses of about 12 million won
• Cumulative retail losses since launch reached 6.313 trillion won