NUMBER OF THE DAY
This is how much money South Korean retail investors have lost since June due to forced stock liquidations.
📉 Selling on autopilot: Many investors buy stocks on margin. When prices fall too sharply, brokers automatically liquidate their shares to recover the loan. That’s now happening across Korea on a massive scale.
📊 Record highs with collateral damage: While politicians and media celebrate the “4,000-point KOSPI”, more than 40% of KOSPI stocks have fallen over the same period. Over 76,000 investors were hit by forced liquidations.
Watch: Korea’s rally is extremely narrow. A few chip giants are pulling the index up, while many retail investors are losing money on leveraged bets. If the trend continues, forced-sale losses could reach 1 trillion KRW (~USD 680M) this month alone.
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