KOSPI Struggles to Hold 7,000 as Bank of Korea Flags Record Volatility
6 Articles
6 Articles
The Bank of Korea analyzed the concentration of large-cap semiconductor stocks and the surge in leveraged ETFs as causes of the sharp fluctuations in the KOSPI index. It noted that structural characteristics with high weightings in specific stocks amplified volatility and warned of the impact that the expansion of overseas-linked financial products would have on the domestic market.
(Seoul = Yonhap News) Reporter Han Ji-hoon = The Bank of Korea presented an assessment on the 10th stating that investments in leveraged exchange-traded funds (ETFs) have influenced the increased volatility in domestic stock prices...
South Korean BC stated that increased investments in leveraged market-negotiated funds linked to technology giants caused significant volatility in the domestic stock market
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BizTocKOSPI Struggles to Hold 7,000 as Bank of Korea Flags Record Volatility
South Korea's KOSPI dipped toward 6,920 early Thursday before recovering to 7,058.06, up 0.09% on the day. The swing came as the Bank of Korea (BOK) said the index's daily volatility this year is the widest of any major market. The BOK measured daily volatility at 4.1%, roughly double Japan and...
The Bank of Korea noted that while volatility in the domestic stock market has eased somewhat due to the liquidation of leveraged positions following a recent sharp correction, factors that could increase volatility, such as the concentration of investment in semiconductor stocks, still remain.
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