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Korean 'Plunge Protectors' Meet Amid Leverage Unwind Chaos

As a painful leverage unwind sparks chaos in the Korean market, 'plunge protectors' are reportedly meeting to address the situation, highlighting the risks associated with momentum-driven investments.

29 Jul, 12:15 — 29 Jul, 12:15
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zerohedgeLow29d ago

From Momentum To Mayhem: Korean 'Plunge Protectors' Meet As Leverage Unwind Sparks Chaos

From Momentum To Mayhem: Korean 'Plunge Protectors' Meet As Leverage Unwind Sparks Chaos 'Leverage goes both ways...' That is a lesson that many are learning in a painful manner as the army that enjoyed the momentum escalator ride up are now decrying the elevator plunge lower... and the poster-child for this pain is Korea. Following anxiety over new Chinese competition, and disappointing earnings from SK Hynix overnight, Korea's stock market has plunged 44% from its record highs...

By Tyler Durden

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