Leto Bao: The imbalance between leveraged ETF and spot stocks in the Korean stock market has led to a sharp decline; all SK Hynix positions were cleared at the end of June.

Leto Bao expressed his views on the sharp drop in South Korean stocks, stating that the ratio between leveraged ETF and spot stocks is unbalanced. He sold off SK Hynix and Korean/Japanese stocks by the end of June, shifting to US stocks and buying options for hedging. Leto Bao believes South Korean stocks will continue to fluctuate and drag down the storage sector, with the turning point being when the South Korean government tightens regulations on leveraged ETFs.