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South Korean retail investors “buy the dip” with single-stock leveraged ETFs of Samsung and SK Hynix before regulation tightens

MarsBitNews
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Mars Finance report: On July 26, data showed that on the 24th, Korean retail investors made a large purchase of 14 leveraged ETFs, each tied to a single stock, with a single-day buy-in scale of about 450 billion KRW. Previously, Korean retail investors had continuously net sold for three straight days, totaling about 500 billion KRW. According to data from the Korea Exchange and Koscom Check, as of July 26, retail investors net sold 14 stock-specific leveraged products for three consecutive days from July 21 to 23, with a cumulative net sales amount of 547.17138 billion KRW. This trend was completely reversed on July 24. Within just one day, individual investors net bought seven leveraged single-stock products of Samsung Electronics, with net buy-ins of 103.8959 billion KRW; at the same time, they also net bought seven leveraged single-stock products of SK Hynix, with net buy-ins of 350.02688 billion KRW. Notably, the net buying occurred on “Black Friday,” when the KOSPI index fell by more than 5%, and both Samsung Electronics and SK Hynix closed down by 7% to 8%. Affected by this, the single-stock leveraged ETFs backed by the shares of these two companies also plunged by 15% to 16%. Analysts believe the sharp drop in prices of single-stock leveraged ETFs attracted some investors to buy on dips. In addition, because new regulations that raise minimum margin requirements will take effect on the 31st, some individual investors may want to increase their positions by “averaging down” before tighter regulation, which also drove related demand. (Jin Ten)
SK Hynix-8.33%
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