ZTrader Macro & AI Notes

ZTrader Macro & AI Notes

The Korean Casino: How Leverage ETFs Caused a Margin Call Wipeout

How leverage ETFs caused a margin call wipeout — and why 3x never means 3x once the music stops.

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Dorian
Aug 24, 2026
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THE ENTIRE KOREAN STOCK MARKET WENT DOWN BECAUSE OF ONE LEVERAGE ETF: KORU

This is a research and educational article on market structure, not investment advice. It is not a recommendation to buy or sell any security. Figures are drawn from public reporting (Direxion, Korea Exchange, Goldman Sachs, HSBC, Reuters, Bloomberg, CNBC) and rounded; some figure…
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