Samsung S&P GSCI Crude Oil ER Futures ETF has lost 45% in HK today

• the biggest decline & to its the lowest level since trading began in May 2016

• fund will sell its entire holdings of June oil contracts and buy September contracts.
• warned that in a “worst case scenario,” the net asset value of the fund may drop to zero and investors may suffer “a total loss” of their investments

If you’d like to check out the picture in Singapore, FT have this:

• The collapse of one of Singapore’s biggest oil traders has raised the prospect of a severe liquidity crunch in the city-state’s under-pressure commodities sector, threatening a wave of defaults and bankruptcies.