| Mobile Web

Search results for Securities Depository

Finance

36 trillion won wiped out in a month as domestic ETF net assets stumble

Net assets in South Korea-listed exchange-traded funds stood at 424.7 trillion won as of Oct. 21, down 36.4 trillion won from Sept. 22, data from Korea Securities Depository’s SEIBro showed. Net assets rebounded by about 5.8 trillion won in a day on Oct. 21 but remained more than 36 trillion won below a month earlier. Samsung Asset Management and Mirae Asset Management posted the largest declines, while outflows were notable from semiconductor, AI and leveraged ETFs.

Finance

Betting on a shaky Korean market: Are Korean retail investors going all-in on leverage?

Korean investors are continuing high-risk leveraged trading in U.S.-listed ETFs as South Korea’s stock market swings sharply, data showed. From Sept. 18 to Oct. 21, Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) ranked first in foreign securities purchases, with net buying of $2.76 billion. Demand also rose for Direxion Daily MSCI South Korea Bull 3X Shares ETF (KORU) and Nasdaq-linked leveraged products. Meanwhile, short-term risk funds and margin financing in Korea declined.

Finance

FSC holds emergency check on stock market plunge, urges restraint on credit provision

South Korea’s financial authorities launched an emergency market check after a sharp fall in local stocks. They urged financial companies to refrain from indiscriminate credit provision and to strengthen risk management. Authorities and related agencies agreed to stay alert to heightened volatility while guarding against excessive anxiety and sharp herding. They also said they would step up monitoring for market-disrupting activity and be ready to implement contingency plans quickly if needed.