Korean Investors Suffer $1.7 Billion Losses From Leveraged ETFs

South Korean retail investors lost an estimated 2.3 trillion won ($1.7 billion) on leveraged exchange-traded products tracking the country's two chipmaking giants within months, according to a lawmaker's office. The figure, revealed for the first time, underscores the scale of risk from such bets as semiconductor stocks swung sharply during the period.