Korea FOMO $KOSPI
- According to the Financial Supervisory Service, investors aged 50 and older accounted for more than 60% of the 27.2 trillion won ($18.5 billion) margin loan balance at Korea’s top 10 brokerages during Q1, more than double last year’s level.
- Massive retail participation, leverage, and structured products
- 10x leveraged perpetual futures on Korean names like SK Hynix
- KOSPI volatility is now trading around 71 (pricing around 4.5% daily moves)
- Korean chip makers now control roughly 68% of the global DRAM market
Truly something to watch. Koreans never can get enough leverage!
$KORU $EWY $DRAM Sk Hynix (000660) Samsung (005930)