Business · Markets · 1 hr ago

Top Korean investors sell chip shares and buy funds betting on market falls

Top Korean investors sell chip shares and buy funds betting on market falls

South Korea’s top-performing investors sold shares after a market rebound.

They focused on Samsung Electronics and SK Hynix, two major chipmakers.

They also bought inverse ETFs, which are designed to rise when the market falls.

The previous trading day, they had bought shares in major semiconductor companies.

The sales appear to have locked in profits after prices bounced back.

The ETF purchases signal concern about a further market decline, but no next steps were reported.

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