"A total of over 1.2 million leveraged retail accounts across the Korean market triggered margin calls. Approximately 320,000–360,000 accounts were fully liquidated by brokers..."

South Korea's 2x leveraged ETFs tracking Samsung and SK Hynix crashed over 20% in one day, erasing $1.7 billion in retail investor wealth within two weeks.

South Korea's Kospi slumped as much as 8%, briefly triggering a sidecar trading curb, as a Bank of Korea rate hike, a sharp sell-off in AI chip giants Samsung Electronics and SK…