HK Movers | South Korean Stocks Fall; Hong Kong-Listed Leveraged Long Products on Samsung, SK Hynix Plunge in Early Trading

Tiger Newspress
10/12

On Monday, as South Korean stocks fell, Hong Kong-listed CSOP SK Hynix Daily Max (2x) Leveraged Product dropped nearly 9% in early trading, while CSOP Samsung Electronics Daily (2x) Leveraged Product fell over 4%. South Korean stocks plunged today, with the KOSPI once falling more than 3%, as Samsung Electronics briefly dropped over 3% and SK Hynix briefly fell more than 4%.

Data showed that since late August, foreign investors have net sold a combined 22 trillion won (US$15.4 billion) worth of Samsung Electronics and SK Hynix shares. In addition, data from the Korea Exchange on the 11th showed that as of October 8, foreign investors held 46.38% of Samsung Electronics shares — the lowest level in 18 years and 9 months, since January 11, 2008 (46.35%) during the financial crisis.

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