South Korean Retail Investors Face $1.7 Trillion KRW Margin Call, Institutions Plan to Wait for Sentiment to Stabilize Before Taking Action
BlockBeats News, July 29th. On Wednesday, Korean retail investors were forcefully liquidated of their positions, totaling approximately 17 trillion Korean won (about $12 billion). The Korean KOSPI index plummeted over 12%, with SK Hynix plunging over 17%, marking the largest single-day drop.
“We saw a lot of forced liquidation today,” said Jung In Yun, CEO of Fibonacci Asset Management. “We need to wait for the selling pressure from retail investors to subside before taking action.”
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