Shin Young Securities: Single-Stock Leverage ETF Selling Could Limit KOSPI Rebound on July 15

According to a report from Shin Young Securities on July 15, single-stock leverage exchange-traded fund (ETF) investors' selling pressure may restrict gains as South Korea's KOSPI index attempts to rebound. Researcher Kim Hyo-jin identified concentrated seller resistance in the 8,200–8,400 index range, with approximately 4.3 trillion won of positions estimated to be underwater in that bracket. Key underlying assets show similar clustering: SK Hynix around 2.2 million won and Samsung Electronics at 290,000 and 360,000 won levels. As the index recovers toward these price levels, loss-recovery selling by retail investors could emerge, potentially capping upside momentum.
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