South Korean retail investors are cycling through meme stocks so quickly that it’s alarming regulators.
In the span of eight weeks, they’ve driven short-lived rallies in the superconductor, salt and seafood sectors, following a months-long frenzy over anything related to EV batteries. The risks of margin calls is high, and leverage is worrying, Goldman Sachs Group analysts said.
“Their life span is getting shorter, even changing directions within the same day,” said Cho Junkee, a market analyst at SK Securities Co. “There is a limited supply of money into these thematically-driven stocks, so there is a rotation from one theme to another.”The craze helped the small-cap Kosdaq index become one of the world’s best performers among those tracked by Bloomberg.
France Dernières Nouvelles, France Actualités
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