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

PANews October 21 news, according to Yonhap News Agency citing data submitted by South Korea's Financial Supervisory Service to members of the National Assembly, from May 27 to August 14, South Korean retail investors investing in single-stock leveraged and inverse exchange-traded products (ETPs) incurred total losses of 6.313 trillion Korean won, approximately 4.8 billion US dollars. The data covers 10 major brokerages, among which realized losses amounted to 2.3242 trillion Korean won and unrealized losses amounted to 3.9888 trillion Korean won.

By age group, the 40 to 49 age group had the largest total losses, reaching 2.053 trillion Korean won; the 40 to 59 age group together accounted for approximately 62.1% of total losses. The 70 and above age group had the largest average loss per account, at approximately 29.94 million Korean won.