Did you know that Korean adults aged 20s~30s, getting liquidated every single day.
Can't afford to buy an apartment in Seoul, so investing in KOSPI with 5x portfolio margin, 2x single stock ETF
360,000 accounts liquidated.
62% of liquidated accounts are under 35.
KOSPI margin loans hit all-time high of 38.63 trillion won at end of June.
Korean government opens 1375 debt counseling hotline
In just one month, retail losses from borrowed money: 2.15 trillion KRW.
Still in liquidation phase - more to come it seems
Finally, some welcome news.
In a report published today, JPMorgan said that most leveraged ETFs in the Korean stock market have been liquidated and estimated that hedge funds’ deleveraging is also about 90% complete.
@GeorgeOuko01@John63681549 Still genetically modified. What is your understanding of genetically modified crop?
Selective breeding is modifying genetics 🤷🏾♂️