From BigGo Finance · BigGo Finance · · 1m 10s
South Korea's KOSPI Plunge Drives Parking-Type ETF Inflows
South Korea's KOSPI tumbles as investors pour ₩574.4 billion into parking-type ETFs.
In brief
South Korea's KOSPI tumbles as investors pour ₩574.4 billion into parking-type ETFs. South Korea's KOSPI dropped to 5,500 as investors moved ₩574.4 billion into parking-type ETFs. Originally reported by BigGo Finance.
KOSPI Plunge
South Korea's KOSPI tumbled for a seventh straight session and slid to the 5,500 level.
Parking-Type ETF Inflows
KODEX Money Market Active drew ₩574.4 billion (approximately $430.2 million) in net inflows.
Second Largest Inflow
TIGER Money Market Active took in ₩304.3 billion (approximately $227.9 million) to rank fifth.
Leveraged Products
KODEX Leverage ranked first with ₩642.7 billion (approximately $481.4 million) net inflows.
Covered Call ETFs
KODEX 200 Target Weekly Covered Call drew ₩359.8 billion (approximately $269.5 million).
Inverse ETF Outflows
KODEX 200 Futures Inverse 2X saw net outflows of ₩161.6 billion (approximately $121.0 million).
Short-Term Deposits
Investor deposits fell below ₩100 trillion (approximately $74.9 billion) for the first time.
U.S. Stock Purchases
Net purchases of U.S. stocks reached $3.54 billion in the first nine trading days of September.
Expert Analysis
Han Soo-jin noted demand for standby cash expanded as uncertainty over the stock market grows.
The bottom line
South Korea's KOSPI dropped to 5,500 as investors moved ₩574.4 billion into parking-type ETFs.
