Short-Bets Archives | Be Korea-savvy

Short Bets Spike to Two-Year Peak as Seoul Stocks Plunge on AI Concerns

SEOUL, Nov. 6 (Korea Bizwire) – Short-selling transactions rose to the highest in over two years when the South Korean stock market crashed earlier this week on artificial intelligence (AI) valuation concerns, industry data showed Thursday. On Wednesday, the country’s benchmark Korea Composite Stock Price Index (KOSPI) closed more than 2 percent lower, after once [...]

Retail Bets Against Korean Market Backfire During Six-Day Rally

SEOUL, June 13 (Korea Bizwire) — South Korea’s stock market has soared for six consecutive trading days following the inauguration of President Lee Jae-myung, but retail investors who bet against the rally are now grappling with mounting losses. The benchmark KOSPI index closed above the 2,920 mark on Thursday, up 8.19% since June 4—Lee’s first [...]