South Korean retail investors forced to liquidate approximately 1.7 trillion KRW, institutions wait for market sentiment to ease
According to a report by Golden Ten Data, ChainCatcher reported that on Wednesday Korean retail investors were forcibly liquidated for about 1.7 trillion won (approximately 1.2 billion USD) in positions.
Jung In Yun, Global CEO of Fibonacci Asset Management, said, “There have been many forced liquidations today. We need to wait until retail investors’ selling sentiment calms down before taking action.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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