{"id":62427,"date":"2026-06-23T20:26:29","date_gmt":"2026-06-23T20:26:29","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/62427\/"},"modified":"2026-06-23T20:26:29","modified_gmt":"2026-06-23T20:26:29","slug":"micron-tumbles-13-as-south-korean-etf-warning-fuels-chip-sell-off","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/62427\/","title":{"rendered":"Micron Tumbles 13% As South Korean ETF Warning Fuels Chip Sell-Off"},"content":{"rendered":"

Topline <\/p>\n

Micron shares plummeted over 13% on Tuesday, falling as South Korea’s Financial Supervisory Service contributed to a global chip sell-off with a warning about risky ETFs tied to memory chip companies like Samsung and SK Hynix.<\/p>\n

\"Micron <\/p>\n

Micron’s stock is up more than 260% on the year.<\/p>\n

Photo illustration by Cheng Xin\/Getty Images Key Facts <\/p>\n

Micron\u2019s stock closed down 13.3% at $1,051.77, erasing two day\u2019s worth of significant gains made by the stock Friday and Monday.<\/p>\n

The drop came after Financial Supervisory Service Governor Lee Chan-jin said he regretted<\/a> not blocking the launch of leveraged exchange-traded funds solely tracking Samsung and SK Hynix, noting their high-risk nature has not stopped retail investors from engaging with them.<\/p>\n

Leveraged single stock ETFs are designed for short-term trading and can amplify daily price movements by two or three times, allowing investors to double or triple gains or losses in a single day.<\/p>\n

The statement raised questions about whether Micron\u2019s astronomical stock run this year was driven by momentum trading rather than fundamentals.<\/p>\n

Micron has soared over 260% since the start of the year, when the company\u2019s stock traded around the $300 mark.<\/p>\n

This is a developing story. Check back for updates.<\/p>\n

This article was originally published on Forbes.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Topline Micron shares plummeted over 13% on Tuesday, falling as South Korea’s Financial Supervisory Service contributed to a…\n","protected":false},"author":2,"featured_media":62428,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1154,31,35012,275,33],"class_list":["post-62427","post","type-post","status-publish","format-standard","has-post-thumbnail","category-south-korea","tag-financial-supervisory-service","tag-korea","tag-lee-chan-jin","tag-sk-hynix","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/62427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=62427"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/62427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/62428"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=62427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=62427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=62427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}