00:053.2 trillion won 3.77% and 90.6% SK Hynix bought so much of its own stock
00:14that a category nobody
00:15watches became the market's biggest buyer. A leverage rule that took effect on July 31st
00:21erased nine-tenths of single-stock ETF turnover. And 45 Korean ETFs are now small enough to face
00:28delisting. Pause. It's Monday, August 24th. Here's what investors are watching in Korea
00:34today. Korea's index moves are normally decided by three groups. Individuals, foreigners, and
00:40institutions. SK Hynix has committed to a 40 trillion won buyback, executed in the open
00:47market session after session. That one program has turned other corporations, a bucket nobody
00:53tracks, into a fourth buyer. Here's what the numbers show. Matter of fact, SK Hynix bought
00:59650,000 of its own shares on both August 20th and August 21st, spending $1.09 trillion and
01:07$1.13 trillion, roughly $787 million and $818 million. That is $2.22 trillion, about $1.6 billion,
01:18in two sessions, against a program totaling $40 trillion, near $28.8 billion. Net buying by other
01:26corporations rose from 0.34 percent of daily KOSPI turnover to 3.77 percent, an 11-fold jump.
01:35KOSPI closed 0.88 percent higher on August 21st, even as the three traditional groups sold a combined
01:42$1.09 trillion. Average daily turnover across 14 single-stock leveraged ETFs fell 90.6 percent,
01:50from $9.29 trillion to $872 billion, after the deposit requirement tripled to $30 million on July 31st.
02:00Of 1,161 listed ETFs, 45 held under $5 billion, about $3.6 million as of August 20th.
02:09Short pause. So what does this mean for investors tracking Korean market flows?
02:15Earlier, we said a category nobody watches became the biggest buyer. Here's what that actually means
02:21for you. Index strength right now is partly mechanical, and it holds only as long as the
02:26buyback budget does. The leverage crackdown is the other half of the picture, showing Korean
02:31regulators will trade away turnover for investor protection with little warning. Watch SK Hynix's
02:37execution on August 24th, after it disclosed plans to buy another 650,000 shares. Watch whether
02:44other corporations hold near 3.77 percent of Kospi net buying this week. Watch PLUS Global AI
02:50Infrastructure, scheduled for delisting on August 27th. That's today's AI Prism, Securities Daily.
02:57This episode was produced with AI assistance based on Seoul Economic Daily reporting,
03:02and reviewed by a human editor. AI Prism is a Juan IFRA award-winning series. We'll be back tomorrow.
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