Short sale on Korean stocks average $342 mn in Sept when Kospi fell 13%

[Photo by Yonhap]

Average daily short selling trade value of Korean stocks reached 490.7 billion won ($342 million) in September, leading the main Kospi bourse to plunge 12.8% in the month, according to KRX on Monday. It was the second largest short-selling value this year after 575.2 billion won in January when the Kospi fell 10.6%. Compared with July and August, September short selling jumped about 40% on average on growing recession fears amid aggressive monetary tightening by the U.S. Fed. Market heavyweights Samsung Electronics, LG Energy Solution, and SK hynix stocks were mainly shorted in September.

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