"I Bought Hynix Just Yesterday"... Aohri Laments Stock Losses from Her 6.6 Billion Won Han River View Home
KOSPI's "Black Tuesday": Historic 9.99% Plunge
Aohri Suffers -28% Loss After Buying SK hynix
Spike in Margin Investing and Forced Liquidations... Volatility Warning
On the 23rd, amid extreme market volatility as the KOSPI index plunged nearly 10% in a single day, YouTuber Aohri (real name: Kim Minyoung), who has 770,000 subscribers, drew attention by publicly disclosing her investment losses.
"I bought it just yesterday"... 30 million won lost in a single day
On June 23, Aohri posted on her social media, saying, "It feels like everyone except me is making money in stocks, so after much deliberation, I bought Hynix yesterday," along with a screenshot of her securities account.
The photo showed her securities account. The disclosed screen revealed a total valuation amount of 75,174,000 won, a valuation loss of 30,158,358 won, and a return rate of -28.68%, which drew attention.
Considering the current valuation and scale of losses, it is estimated that Aohri initially invested around 100 million won in the stock market. As of now, her account is showing a loss of about 30 million won. Aohri added a self-mocking comment, saying, "My specialty: buying stocks at their peak."
Netizens who saw this responded with various reactions such as "I thought it was my own account" and "Even the seed money is on another level." Some jokingly commented, "If you're going to lament, at least do it from an apartment with a view of the Han River." It is known that last year, Aohri purchased and currently resides in a 145-square-meter (about 55-pyeong) apartment in I-Park Samsung-dong, Gangnam-gu, Seoul, for approximately 6.6 billion won.
Historic KOSPI Plunge... Hynix and Samsung Electronics Also 'Tumble'
Previously, on June 22, SK hynix climbed to 2,919,000 won per share, continuing its upward trend. With a market capitalization of 208.46 trillion won, it surpassed Samsung Electronics to claim the top spot on the KOSPI. However, on the following day, June 23, profit-taking sell-offs flooded in, causing the share price to plunge 12.47% and close at 2,555,000 won.
On the same day, the KOSPI fell 9.99% compared to the previous trading day, and the KOSDAQ also plummeted 7.94%. Analysts have pointed out that, as the 'FOMO' (Fear Of Missing Out) phenomenon has spread among individual investors jumping into the recent semiconductor rally belatedly, cases of losses from short-term plunges are becoming a reality.
Increase in Margin Investing & Surge in Forced Liquidations... Escalating Market Anxiety
Amid the market crash, indicators for leveraged investing are also rapidly deteriorating. According to the Korea Financial Investment Association, as of June 23, unsettled receivables from 'ultra-short-term margin investing' (investing with borrowed funds) stood at 1.4792 trillion won, an increase of 181.6 billion won from the previous trading day.
On the 23rd, KOSPI fell nearly 10%, barely holding the 8,200 mark at closing, as an employee works in the dealing room of Hana Bank in Jung-gu, Seoul. On this day, KOSPI closed at 8,203.84, down 910.71 points (9.99%) from the previous trading day. Photo by Yonhap News
View original imageReceivables refer to funds borrowed by investors from securities firms to purchase stocks, which must be repaid within two trading days. If repayment is not made, forced liquidation (margin call) occurs on the third trading day. On the same day, the amount of forced liquidation reached 42.4 billion won, more than double the previous day's figure, and the proportion compared to receivables also rose to 3.3%.
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Experts pointed out, "In a plunging market, an increase in forced liquidations can exert additional downward pressure," and added, "Chasing after a rapid rise can lead to much larger losses than expected, so the timing of investment and risk management are crucial."
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