Short selling balances hit $6.8 bil. as investors hedge against KOSPI rally
As the KOSPI continues its rally fueled by President Lee Jae Myung’s market-friendly policies, a growing number of investors have turned to short selling, betting on a potential drop, data showed Sunday. According to the Korea Exchange, the net short position on the benchmark KOSPI reached 9.44 trillion won ($6.8 billion) as of Wednesday, the earliest available date for the data. This marks the highest level since short selling fully resumed on March 31, representing a 131 percent increase from just under 4 trillion won at the end of March. The proportion of short selling relative to the KOSPI's total market capitalization increased from 0.19 percent to 0.35 percent. Among individual stocks, SKC — a producer of secondary battery and semiconductor materials — recorded the highest net short position relative to its market cap, at 5.55 percent. It was followed by Hanmi Semiconductor at 4.92 percent, Shinsung E&G at 3.89 percent and Hotel Shilla at 3.84 percent. The growing interest in short selling is seen as a hedge against a potential short-term correction in the domestic stock markeWeiter zum vollständigen Artikel bei Korea Times
Quelle: Korea Times
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