Data: South Korean retail investors lost $4.8 billion on single-stock leveraged ETPs in about two and a half months, with the 40-49 age group suffering the largest total loss

October 21 - According to data submitted by South Korea's Financial Supervisory Service to lawmakers and reported by Yonhap News, from May 27 to August 14, South Korean retail investors lost a combined 6.313 trillion won, or about $4.8 billion, investing in single-stock leveraged and inverse exchange-traded products (ETPs). The data covers 10 major brokerages, including realized losses of 2.3242 trillion won and unrealized losses of 3.9888 trillion won.

By age, the 40-49 group suffered the largest total loss at 2.053 trillion won; the 40-59 group together accounted for about 62.1% of total losses. Those aged 70 and above lost the most per account on average, about 29.94 million won.