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Investors Bet on Chip Stocks as South Korea Margin Debt Hits Record High
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According to Bloomberg, as the artificial intelligence trading frenzy resurges, prompting retail investors to chase gains in heavyweight technology stocks, leveraged bets on South Korean equities have surged to a record high. Citing data from the Korea Financial Investment Association (KOFIA), outstanding margin debt loans used to purchase stocks climbed to KRW34.3 trillion (approximately USD23.2 billion) as of April 20, marking an all-time high. By comparison, the one-year average stood at KRW25.1 trillion. The artificial intelligence theme, which had dominated equity markets before the outbreak of war in the Middle East, has returned to the spotlight in recent weeks as a ceasefire announced by the United States and Iran helped revive risk appetite. South Koreas KOSPI index has repeatedly hit fresh highs this week, led by chip giants Samsung Electronics (005930.KS) and SK Hynix (000660.KS). SK Hynix will announce its first-quarter results tomorrow (23rd), while Samsung is scheduled to release its earnings next week (with preliminary results already issued on April 7). (da/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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