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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.
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