KOSPI 9% plunges, individual investors buy 6,000hundred million won in leveraged SK hynix bets
7On the 13day, the KOSPI fell by nearly 9%, triggering a circuit breaker, and individual investors poured large net buying into SK hynix-linked leveraged ETFs such as KODEX SK Hynix Single-Stock Leveraged. The top net-buying amounts for the day were 4,700billion won and 1,621billion won, respectively.
7On the 13day, the KOSPI fell by nearly 9%, triggering a circuit breaker and temporarily halting trading. The plunge affected trading across the board that day.
On the same day, individual investors bought up specific leveraged products instead of selling. Market data clearly showed a strong buying trend from individuals.
According to the tally, the most-purchased ETF by individuals was KODEX SK Hynix Single-Stock Leveraged. The product saw net buying of 4,700billion won in one day.
Net buying 3was recorded in TIGER SK hynix single-stock leverage, and 1,621billion won flowed in. Buying by individuals was concentrated in these two products.
In related tallies, the total net buying by individuals in 'Hynix leverage' came to 6,000billion won. This was unusually large for a one-day fund movement.
As for individual stocks, SK hynix shares fell by more than 15percent in a single day. Immediately after the plunge, fund inflows into leveraged products were observed.
The press release classified individual investors' trading pattern as 'countertrend following.' Position shifts among market participants and concentrated trading appeared on the same day.
Sources: 연합인포맥스
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.