South Korean regulators tighten control on leveraged ETFs, Sandisk plunges 10%, Western Digital drops 9%

Golden Finance, July 16｜The US stock storage sector is under significant pressure as a whole. SanDisk's intraday drop widened to 10%, Western Digital fell nearly 9%, and SK Hynix ADR dropped 8.6%. The immediate trigger for this round of declines is the tightening of leverage ETF regulations by South Korean financial regulators, coupled with previous concentrated profit-taking, which together amplified the sector's adjustment range.