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Traders Say Asian Retail Investors Loading Up on Borrowed Money to Enter Mkt, Bottom Fish
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Traders and dealers said that Asian retail investors are loading up on borrowed money to inject funds into their brokerage accounts, chasing oil and energy prices higher while scooping up declining stocks, according to Reuters. South Korean retail investors were net buyers to the tune of KRW4.6 trillion (approx. USD3 billion) yesterday (9th), with a total net purchase of KRW15.2 trillion (over USD10 billion) this month, the report added. Investors have made new margin payments to extend positions and covered losses, reflecting a habit of dip buying among retail investors post-COVID-19, brokers noted. AASTOCKS Financial News Website: www.aastocks.com |
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