Leveraged Korea ETFs Sold Estimated $6 Billion of Shares in Rout

Leveraged exchange-traded funds tracking Samsung Electronics Co. or SK Hynix Inc. probably sold a combined $6 billion of the Korean chipmakers’ shares Tuesday to maintain their ratios, underscoring such products are amplifying market moves, Bloomberg Intelligence says. This story was reported by Bloomberg. For more Finance news in Kenya, stay tuned to Masaa.