Leveraged Korea ETFs Sold Estimated $6 Billion of Shares in Rout

Leveraged exchange-traded funds tracking Samsung Electronics Co. or SK Hynix Inc. probably sold a combined $6 billion of the Korean chipmakers’ shares Tuesday to maintain their ratios, underscoring such products are amplifying market moves, Bloomberg Intelligence says.

Selling by the leveraged single‑stock ETFs, designed to provide twice the daily returns of the chipmaker they track, accounted for about 14% of turnover in Samsung and SK Hynix on Tuesday, data compiled by Bloomberg show.