KOSPI Surges Nearly 10% in Two Days as Leveraged ETF De-leveraging Hits 75%
2026-07-22 12:17

Woofun AI reports that South Korea's KOSPI index gained up to 6.2% on Wednesday, accumulating a nearly 10% rise over the last two trading days. Chip manufacturers led the advance, with SK Hynix climbing over 9% and Samsung Electronics rising more than 6%. JPMorgan stated that approximately 75% of the de-leveraging process for South Korean leveraged ETF positions has concluded. Data from the Korea Financial Investment Association shows margin loan balances fell 13% from their late-June peak to 33.4 trillion won ($22.6 billion) by July 16. Foreign investors executed net purchases exceeding $1 billion in South Korean equities on Wednesday morning, the first substantial capital inflow in roughly a month.

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