$Tesla(TSLA.US)Do you know why I mentioned Koreans around 5 PM... This time they've been put in their place, right?
Leveraged products amplify the impact of Tesla's sharp decline, causing significant losses for South Korean retail investors
The sharp decline in Tesla's stock price has had a significant impact on high-risk investors in South Korea, many of whom have leveraged their investments in Tesla. South Korean investors are the largest holders of the London-listed Leverage Shares 3x Tesla ETP, with holdings of approximately 358 billion won. Tesla's stock price once fell to $273.6, a nearly 44% drop from last year's peak. Regulators have expressed concerns about high-risk leveraged ETP orders, and some brokerages have suspended related trading. Tesla's high volatility has attracted South Korean investors, but market uncertainty has led to a sharp decline in related investment products
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