Semiconductor ETF return 238%…KOSPI swings sharply, ContentreeJoongAng faces crisis
A semiconductor exchange-traded fund (ETF) has drawn attention after recording a return of 238% this year, while the KOSPI posted sharp fluctuations from 7 through 3~4. During the same period, ContentreeJoongAng faced the risk of hitting the daily lower limit for the third consecutive day amid the impact of rehabilitation proceedings and a failed merger.
A semiconductor exchange-traded fund (ETF) has attracted investor attention after recording a cumulative return of 238% this year. The asset manager cited as the key to its performance a strategy of reducing the weighting of sharply rising stocks and diversifying investments around growth stocks.
This ETF ranked 1th among domestically listed ETFs in terms of return this year. Some investors identified its inclusion of stocks expected to deliver sustained growth, rather than sharply rising stocks, as a distinguishing feature.
7From 3, the KOSPI opened at 91.66 points (1.20%) higher, at 7,739.75. Intraday volatility increased, and during the same period the index at one point fell to 7,400. It was the largest decline in 16 trading days.
Some market participants said the index was highly volatile as news related to Meta revived concerns that the semiconductor sector may have peaked.7.9% plunge on a single trading day was also presented in the report.
ContentreeJoongAng remained at risk of hitting the daily price limit for a third consecutive day as news of its rehabilitation and the collapse of the merger emerged at the same time. Company disclosures and trading conditions were reported as breaking news.
Market-wide trends and issues involving individual stocks emerged simultaneously, causing buy and sell orders to diverge. Investors were advised to check ETF compositions and individual disclosures.