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BlockBeats News, July 13, the protagonist of 'ByteDance Stock Trading Earns 30 Million,' Leto Bao, shared his views today on the continued plunge in Korean stocks, stating that he had fully liquidated SK Hynix by the end of June. The reason cited was that 'the ratio between leveraged ETFs and underlying stocks became imbalanced, which might lead to a wave of corrections. I needed to use options for hedging, but the Korean stock market is weak in this regard, so I sold all Korean and Japanese stocks, leaving only U.S. stocks, and bought some puts for hedging to prevent risks.' Leto Bao believes that Korean stocks will continue to fluctuate and drag down the entire storage sector, with the turning point being when the Korean government starts tightening leveraged ETFs.