00:07buy back at sown shares and short sellers showed up anyway pause Korea's new listing market has
00:14flipped from quadruple debuts to broken prices cosmetics funds are now the top performers on
00:20the whole E t F board three numbers explain what changed this month it's Wednesday August 26th
00:27let's look at what this means for retail investors in korea korean shares have been
00:32correcting since late july after a powerful second quarter large-cap chip makers announced
00:37heavy shareholder returns into that weakness retail money that chased new listings in the
00:43second quarter has been pulling back here's what the numbers show short selling in samsung
00:48electronics reached 1.02 trillion one on august 24th about 730 million dollars or 8.81 percent of its
00:57turnover against a 2.70 percent daily average this year the cosby's short selling share rose to 5.20
01:05percent in august from 4.11 percent for the year passing march's previous high of 4.87 percent
01:12matter of fact margin loan balances climbed to 32.6 trillion won by august 24th from 27.4 trillion on
01:21august 4th eight companies that listed in the second quarter averaged a 132.4 percent first day gain
01:28while 10 listings since july first averaged minus 4.62 percent the cosby closed at 6 742.74
01:37up 0.68 percent and the cosdac at 827.15 with the two indexes down 20.45 and 9.72
01:46percent since last
01:47month cosmetics funds led all etfs over the past month with sol cosmetics top 3 plus up 34.63 percent
01:56tiger cosmetics up 29.78 percent and hanaro k beauty up 23.20 percent so what does this mean for
02:05retail
02:06investors holding korean stocks earlier we said short sellers showed up anyway short pause here's
02:14what that actually means for you a buyback announcement is not a price floor and this
02:18one drew hedging and downside positioning rather than a relief rally partly because the plan leaned
02:23on dividends without a fresh cancellation with margin balances back above 32 trillion won forced
02:31liquidation becomes a mechanical risk if volatility widens and recently listed shares have been absorbing
02:37that pressure first watch whether the cosby can close back above 7 000 a level it has not held since
02:44july 23rd watch the cornerstone investor and pre-book building rules taking effect in november
02:50watch margin balances and the short selling share together rather than separately that's today's ai prism
02:58retail investors this episode was produced with ai assistance based on sole economic daily reporting
03:04and reviewed by a human editor ai prism is a wan ifra award-winning series we'll be back tomorrow
03:11you've been listening to ai prism from sole economic daily
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