Business · Markets · 1 hr ago

Top-performing investors bet on a KOSPI fall and buy NC shares

Top-performing investors bet on a KOSPI fall and buy NC shares

Investors in the top 1% by returns bought funds that gain when the KOSPI falls for a second day in a row.

The KOSPI is South Korea’s main stock market index, and inverse funds are designed to rise when the index declines.

They also bought products that bet against South Korean semiconductor stocks.

At the same time, they were net sellers of Samsung Electronics and SK Hynix, two major chipmakers.

NC was the most-bought individual stock after its shares dropped nearly 10% following an earnings announcement.

The buying and selling show these investors were positioning for weakness in the broader market and chip sector while taking advantage of NC’s price fall; no next steps were given.

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