Leveraged chip ETFs face fivefold deposit hike

South Korea's brokerage industry has agreed to tighten investor protection rules for single-stock leveraged exchange-traded funds after the products came under criticism for amplifying market volatility.

The Korea Financial Investment Association on Tuesday convened an emergency meeting of major brokerage CEOs to review market conditions surrounding leveraged ETFs tracking Samsung Electronics and SK hynix and discuss industry-led measures.

The firms agreed in principle to raise the minimum depos ...