South Korean retail investors face heavy losses as leveraged Samsung, SK Hynix bets unravel
SEOUL, July 20. South Korean retail traders who built leveraged positions in Samsung Electronics and SK Hynix have suffered heavy losses after shares in both chipmakers reversed sharply in a selloff, according to reports. As positions unwound, traders called for their money back.
Key takeaways
- South Korean retail investors who used leverage to bet on Samsung Electronics and SK Hynix suffered heavy losses after both chipmakers' shares reversed sharply in a selloff.
- The leveraged positions turned to losses when shares in both companies sold off and reversed course.
- As their positions unwound, frustrated traders demanded their money back, saying 'Give me my money back,' according to the report.
- The sharp reversal in Samsung Electronics and SK Hynix shares erased the gains leveraged retail buyers had bet on in both South Korean chip stocks.
- The report is dated Seoul, July 20.
SEOUL, July 20. South Korean retail traders who built leveraged positions in Samsung Electronics and SK Hynix have suffered heavy losses after shares in both chipmakers reversed sharply in a selloff, according to reports. As positions unwound, traders called for their money back.
Leveraged bets move the wrong way
Retail investors in South Korea had used leverage to bet on Samsung Electronics and SK Hynix. When shares in both companies sold off and reversed course, those positions turned to losses. The report describes them as heavy.
Traders call for their money back
Investor frustration was plain. 'Give me my money back,' traders said, according to the report. The sharp reversal in Samsung Electronics and SK Hynix shares erased what leveraged retail buyers had bet on in both South Korean chip stocks.