> Part of the problem was regulators’ decision in late May to approve 16 single-stock leveraged ETFs tracking Samsung and SK Hynix, which have been blamed for amplifying moves in indices and individual stocks.

Baffling that this was approved, though less so if you don't assume the regulator has the general market participant's interests in mind

Almost everything about society gets less baffling when you drop the assumption that power has any interest in wellbeing.

yes, baffling regulators would regulate the things that are irregular.

we watched them change the rules in the US to force indexers to provide exit liquidity for the spacex IPO blunder via your dad's 401k. capturing the regulators is just part of what finance does.