00:05다음 시간에 뵙겠습니다.
00:30The Federal Reserve meets on the 15th and 16th with its policy rate at 3.5% to 3.75%,
00:36held for five straight meetings.
00:38A prolonged Middle East conflict and rising oil prices have brought inflation worries back.
00:43So a hike is now on the table.
00:45The Bank of Japan decides on the 17th and 18th, where another increase looks close to certain.
00:51Here's what the numbers show.
00:53Ten major brokerages recorded 37.8 billion one of unpaid principal between January and July.
01:00That is roughly $28 million, and 5.1 times the year earlier figure.
01:05Unpaid principal is what you still owe after your broker force sells your shares and the sale does not cover
01:11the loan.
01:11The accounts involved rose from 3,136 to 7,251.
01:20June was the turning point.
01:21The COSPI had climbed from $4,000 at the start of the year to $9,385 on June 19th, then
01:29fell back quickly.
01:31Credit balances peaked at a record $38.6 trillion, close to $29 billion.
01:38Kiwoom Securities alone accounted for 54.7% of the unpaid principal.
01:43And the borrowing has not stopped.
01:45Margin receivables at those 10 firms reached $1.35 trillion at the end of July, another record.
01:53Two other changes land this week.
01:54The Korea Exchange opens an aftermarket from 4 to 8 in the evening, replacing single-price, off-hours trading with
02:01live orders.
02:03And Samsung Biologics cleared regulatory review for a $3 trillion rights offering, about $2.2 billion, with the first issue
02:10price due on the 30th.
02:12So what does this mean for retail investors sizing positions right now?
02:16Record leverage and a possible rate surprise are a difficult combination.
02:20A forced sale that does not clear your loan leaves you owing money on a position you no longer hold.
02:26Four more hours of evening trading adds four more hours of price movement to that exposure.
02:31Watch three dates.
02:32The confirmation hearing for Finance Minister nominee Lee Hyung-il on the 15th,
02:37the Fed Decision and Dot Plot on the 16th, and the Bank of Japan on the 18th.
02:42That's today's AI Prism, Retail Investors.
02:46This episode was produced with AI assistance based on Seoul Economic Daily reporting and reviewed by a human editor.
02:53AI Prism is a WANIFRA award-winning series.
02:56We'll be back tomorrow.
02:57You've been listening to AI Prism from Seoul Economic Daily.
03:01AI Prism is a WANIFRA award-winning series.
03:03AI Prism is a WANIFRA award-winning series.
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