‘The power of ants’ defeated short selling in the US… Is Donghak ant possible?
[앵커]
One of the most interesting stocks in the New York Stock Market in the US is Gamestop.
Due to the buying trend of individual investors, the stock price jumped more than 20 times in less than a month.
There is not a lot of implications for us as we are about to resume short selling.
This is a material reporter.
[기자]
A company whose stock price more than doubled in one day.
GameStop is a gaming retail company that is heating up Wall Street.
In particular, the stock price jumped 92% on the 26th, followed by more than 134% the next day.
The share price surged more than 20 times from earlier this year in the wake of this uptrend.
There is a bloody war between individual US investors and hedge funds behind the soaring stock price.
Hedge funds started short selling with the policy of turning the business online-centered, and individual investors gathered around the community site took all the poured out and raised the stock price.
Eventually, the hedge funds that surrendered the white flag turned to short covering to buy back short sales at a higher price, leading to a surge in stock prices.
The Wall Street Journal of the United States said, “The dynamics of Wall Street are changing.”
Although controversy over the timing is underway, there are not many implications for us as we are about to resume short selling.
The recovery of the Kospi, which fell to the 1,400 line last year, and the breakthrough of the 3,200 line, the record high this year, were also affected by ants.
It is an analysis that ants will no longer be smitten in the domestic stock market, which has been stigmatized as a playground for short selling forces.
“Since the size of funds and collective actions of individual investors (even in Korea) are strengthening, there is a good chance that short selling is reversed by individual investors.”
On the other hand, as a legislative law requiring securities firms to compulsorily establish a computer system for short selling is being promoted, attention is paid to whether ants can overcome the inclined playground in the future.
This is Yonhap News TV’s material type. ([email protected])
Yonhap News TV article inquiries and reports: katok/line jebo23
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