The Korea Exchange said it has postponed the planned June 29 listing of weekly options on Samsung Electronics, SK hynix, Hyundai Motor and LG Energy Solution, citing recent market conditions.
The exchange said it still intends to proceed with the launch after taking market conditions and necessary preparations into account. The weekly single-stock options were part of a regulatory package announced by the Financial Services Commission in April that expanded the framework for single-stock exchange-traded products and allowed weekly options to be introduced for individual stocks and, later, ETFs.
Korean regulators have separately issued warnings on risks tied to newly introduced single-stock leveraged and inverse products as market volatility increased. The Financial Supervisory Service said on June 18 that prices of such products had shown sharp short-term swings, and its governor said on June 22 that stabilizing measures were being considered.
The delayed weekly contracts were set to be the first such products for the four stocks, while single-stock options already exist in Korea on other listed names with standard maturities.