The Zhitong Finance App learned that on Thursday, storage concept stocks continued to decline. SK Hynix (SKHY.US) fell more than 7%, SanDisk (SNDK.US) fell more than 6%, Western Digital (WDC.US) and Seagate (STX.US) fell more than 5%, and Micron Technology (MU.US) fell more than 3%. According to the news, South Korea will temporarily suspend new listings of individual leveraged exchange-traded funds (ETFs) to curb market fluctuations. The Korea Financial Services Commission (FSC) said in a statement on Thursday that the ban will continue until market conditions stabilize. The regulator will also raise the minimum margin requirement for trading leveraged ETFs (that is, the minimum balance required for a cash account) from 10 million won to 30 million won (approximately $20,300), which is expected to be implemented starting August 5. SK Hynix Korea shares fell more than 11% due to increased liquidity contraction pressure.

The Zhitong Finance App learned that on Thursday, storage concept stocks continued to decline. SK Hynix (SKHY.US) fell more than 7%, SanDisk (SNDK.US) fell more than 6%, Western Digital (WDC.US) and Seagate (STX.US) fell more than 5%, and Micron Technology (MU.US) fell more than 3%. According to the news, South Korea will temporarily suspend new listings of individual leveraged exchange-traded funds (ETFs) to curb market fluctuations. The Korea Financial Services Commission (FSC) said in a statement on Thursday that the ban will continue until market conditions stabilize. The regulator will also raise the minimum margin requirement for trading leveraged ETFs (that is, the minimum balance required for a cash account) from 10 million won to 30 million won (approximately $20,300), which is expected to be implemented starting August 5. SK Hynix Korea shares fell more than 11% due to increased liquidity contraction pressure.