South Korean Retail Investors Face $1.7 Trillion KRW Margin Call, Institutions Plan to Wait for Sentiment to Stabilize Before Taking Action
BlockBeats News, July 29th. On Wednesday, Korean retail investors were forcefully liquidated of their positions, totaling approximately 17 trillion Korean won (about $12 billion). The Korean KOSPI index plummeted over 12%, with SK Hynix plunging over 17%, marking the largest single-day drop.
“We saw a lot of forced liquidation today,” said Jung In Yun, CEO of Fibonacci Asset Management. “We need to wait for the selling pressure from retail investors to subside before taking action.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Supply disruptions ease, oil market bears “swiftly gather”: Brent put option bets surge to unprecedented levels
Oil traders are flocking to buy options, betting on a decline in Brent crude. As investors reposition after a sharp rise in oil prices over the past few trading sessions, bearish bets have surged to unprecedented levels.
Bridgford Foods VP Richard Eugene Bridgford acquires USD 2,054.5 in common shares
New York Federal Reserve official: U.S. Treasury purchases have no preset path, will closely monitor financing market pressures in October
Lorie K. Logan, head of the New York Fed's Markets Group, stated that the Federal Reserve will continue to assess the reserve levels within the banking system. The purchase of U.S. Treasuries for reserve management does not follow a predetermined path and may be adjusted in the future based on market conditions.
Structure Therapeutics CMO Blas Coll Crespo disposes of USD 124,008 common shares
Crypto prices
More
