Record short bets shadow Kospi’s 7,000 breakthrough

The Kospi broke the 7,000-point barrier for the first time Wednesday, but fears of a sharp reversal are growing amid a surge in short selling and leveraged bets. According to the Korea Financial Investment Association, short selling balances — bets on a market decline — also hit an all-time high as of last Monday. Stock lending balances, a proxy for pending short selling activity, surged 10 trillion won ($6.9 billion) from the previous session to a record 175 trillion won, the highest since data

By The Korea Herald