Short selling balances hit $6.8 bil. as investors hedge against KOSPI rally

Short selling balances hit $6.8 bil. as investors hedge against KOSPI rally

As the KOSPI continues its rally fueled by President Lee Jae Myung’s market-friendly policies, a growing number of investors have turned to short selling, betting on a potential drop, data showed Sunday. According to the Korea Exchange, the net short position on the benchmark KOSPI reached 9.44 trillion won ($6.8 billion) as of Wednesday, the earliest available date for the data. This marks the highest level since short selling fully resumed on …