Banks Curb Leveraged Bets on Korean Tech Firms Amid FOMO

Banks are reportedly curbing leveraged bets on Korean tech firms, particularly SK Hynix, which has been a poster child for 'Vol Up, Spot Up' FOMO-chasing. This move comes amid concerns over exuberant semi-shortage panic-buying.

12 Jun, 16:40 — 12 Jun, 16:40

Post Share

Sources

Showing 1 of 1 sources

zerohedgeLow81d ago

Banks Curb FOMO-Chasing Levered Bets On Korean Tech Firms

Banks Curb FOMO-Chasing Levered Bets On Korean Tech Firms SK Hynix has been THE poster-child for 'Vol Up, Spot Up' FOMO-chasing over the past few months of exuberant semi-shortage panic-buying... And volumes in levered Semi trades has been astronomical... With SK Hynix standing out among the most-levered bets... Driven by massive speculative momentum (margin loans at record highs)... ...which faced huge forced liquidations amid the recent volatility... So it reall...

By Tyler Durden

Read full article →

Banks Curb Leveraged Bets on Korean Tech Firms Amid FOMO

Sources

Banks Curb FOMO-Chasing Levered Bets On Korean Tech Firms

Related Stories

Strategy Returns to Bitcoin Market With $370 Million Purchase

US company to operate Venezuelan oil fields previously controlled by China and Russia

IKEA Slashes Prices Across Europe to Attract Budget-Conscious Shoppers

Global Bond Selloff Drives Up Treasury Yields Amid Investor Caution