Risk appetite in South Korea is skyrocketing:



Margin loans outstanding jumped to a record $23 billion in South Korea.

Margin debt has DOUBLED over the last year and is now +37% above the 1-year average of $17 billion.

As a result, the KOSPI index has rallied +27% since the April 1st low and is up +52% year-to-date.

This has been driven by chip stocks, Samsung and SK Hynix, which are up +69% and +81% so far this year.

Both names together now account for ~40% of the Korean index.

Retail investors in South Korea are piling back into equities with record leverage.
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