Extreme volatility gripped the Kospi on Tuesday as investors piled into short-term trades in leveraged exchange-traded funds (ETFs) tied to chipmakers, with the benchmark index plunging from above 8,900 to 8,503.48 in just five minutes.

Extreme volatility gripped the Kospi on Tuesday as investors piled into short-term trades in leveraged exchange-traded funds (ETFs) tied to chipmakers, with the benchmark index…

KOSPI VIX: 74. Investors still can't get enough.