KOSDAQ 30anniversary, but the index is falling... inverse returns in double digits
KOSDAQ, which marked its 30anniversary since opening this month, has given back most of this year’s gains. Since the start of the year, the KOSDAQ has fallen by 9.51%, and over the past month it has dropped by 13.47%, giving inverse ETFs double-digit returns.
In the month marking KOSDAQ’s 30anniversary since opening, the index has given back most of its gains from earlier this year. Since the start of the year, KOSDAQ has fallen by 9.51%.
Over the past month (6month 10day~7month 10day), KOSDAQ fell by 13.47%. Over the same period, the index’s movement shifted sharply on a monthly basis.
Over the same period, KOSPI fell by 7.67%. The gap in returns between KOSPI and KOSDAQ widened.
On 7month 10the KOSDAQ index closed at 837.43. The figure is based on Korea Exchange data.
KOSDAQ 1month 26day, it broke above about 4for the first time in 1000. Later, on 4month 24day, it moved above 1200and showed a sharp upward trend over the past few months.
However, most of those gains were given back. So far this month, it has even retreated to the 700level.
As the weakness in KOSDAQ continued, inverse exchange-traded funds, or ETFs, that bet on declines posted double-digit returns over the past month. In trading flows as well, signs were observed that money was moving into inverse products.
The Korea Exchange disclosed the figures related to the index and ETFs. This change in the index is specifically reflected in the constituent stocks and trading value of the index.
Sources: 파이낸셜뉴스 증권
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