Leto Bao: The imbalance between the leveraged ETF and the main stock in the Korean stock market led to a sharp decline, and the position of Hynix was liquidated at the end of June

Leto Bao expressed his opinion on the sharp decline of the Korean stock market, stating that there is an imbalance between the ratio of leveraged ETFs and main stocks in the Korean stock market. He cleared his holdings of Hynix and Korean and Japanese stocks at the end of June, turned to the US stock market, and bought options for hedging. Leto Bao believes that Korean stocks will continue to fluctuate and drag down the storage sector, with the turning point being the tightening of leveraged ETFs by the South Korean government.