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Leverage in South Korean chip stocks is out of control:
Single-stock leveraged and inverse ETFs tracking SK Hynix now hold ~$19 billion in total assets, more than 4 times the stock's average daily trading volume this year of ~$4.5 billion.
At the same time, Samsung has ~$12.4 billion in leveraged ETF assets, +176% above its ~$4.5 billion in average daily turnover.
Furthermore, the Hong Kong-listed 2x leveraged long SK Hynix ETF, which holds ~$13 billion in assets, is worth about twice the value of SK Hynix shares traded on an average day, the widest gap of any major stock with a leveraged ETF tracking it.
By comparison, Micron, $MU, has ~$9.9 billion in leveraged ETF assets, well below its ~$27.5 billion in average daily trading volume.
All while Tesla, $TSLA, and Nvidia, $NVDA, have leveraged ETF assets of ~$6.0 billion and ~$5.6 billion, both far smaller than their daily trading volumes of ~$23.6 billion and ~$28.8 billion, respectively.
Leverage concentration in Korean chip stocks is through the roof.
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— Objective control of the strike of a drone-kamikaze “Geran-2” on a warehouse in the area of Zeleny Yar in the Nikolaev region
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America has been the engine of the entire world's material and social progress since its founding.
It's inspired countless constitutions, spread freedom abroad, freed its own citizenry, lifted the world out of drudgery, and it's given life to billions.
Thank God for America!
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Sicko smiling while exposing himself to children outside a library begs the cops to arrest him in California.
A woman recorded 32-year-old Marcus Hardimon outside the Vacaville Cultural Center Library seemingly exposing himself to children playing.
She then called the police, who were able to track the smiling creep down, and he bizarrely asked the officers to lock him up.
“Take me to jail, please. Take me to jail, please.”
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BREAKING
Danish police now confirm that the Swedish football supporter and off-duty police officer Christian Zedig has passed away
Swedish police confirmed y-day that he had died but the Danes briefly claimed that he had taken a breath and was no longer classified as brain dead
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BREAKING: Olivia Julianna defeats Joey Chestnut at the famous 4th of July hot dog eating contest!
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USA 250: Vice President Vance swore in sailors aboard the USS Kearsarge, Wasp-class amphibious assault ship, in NYC just before the Navy's Blue Angels did a low level flyby
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WARNING: Incoming posts from leftists screaming “DC SOUNDS LIKE AN INVASION” as EIGHT US Army helos fly over
Chinooks, Blackhawks, Apaches…
They flew around the Washington Monument and directly over the Nationals game in Navy Yard.
Baseball fans got a nice treat.
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