Korea Exchange delays weekly options launch for four heavyweight stocks due to market concerns

The Korea Exchange, Korea's main bourse operator, said Thursday it has delayed a planned listing of weekly options on four single heavyweight stocks.

The heavyweight stocks — Samsung Electronics, SK hynix, Hyundai Motor and LG Energy Solution — were chosen for the weekly options and were scheduled to be listed next Monday.

In a statement, the bourse operator said it decided to delay the planned launch of the weekly options, "given recent market conditions."

The bourse operator said it plans to push for the launch of weekly options, taking into account "market conditions and relevant preparations."

Earlier this week, Lee Chan-jin, governor of the Financial Supervisory Service, warned of side effects on stock market volatility from the newly introduced single-stock leveraged exchange-traded funds.

Yonhap