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Why South Korea’s stock index is more volatile than Bitcoin
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The Business Times
PHOTO: BLOOMBERG[SEOUL] Investing in South Korea’s stock market has yielded huge returns this year, but it has been a wild ride.
Here are some reasons for the unprecedented volatility in South Korean stocks.
Asean Intelligence Get insights into businesses across South-east Asia Get the free reportThe Samsung-SK Hynix phenomenonTwo companies account for South Korea’s roller-coaster stock performance: Samsung Electronics and SK Hynix.
When South Korean stocks lurched lower in late July, Finance Minister Koo Yun-cheol acknowledged that authorities should have examined the products more carefully before their launch.
By the end of July, the amount of stock buying using borrowed money had eased from a June peak, after stock losses led to forced selling and a retreat from South Korean ETFs.