When you borrow and sell a
stock in anticipation of a stock price falling, it's called short selling. Short trading of SK hynix, the third largest KOSPI by market capitalization, has been banned for one day today (3th).

This is because the short-selling volume of more than 5 million shares has poured in, causing the stock price to fluctuate, and reporter Kim Jong-woo covered what happened.


The Korean Exchange has banned SK hynix's short trading for one day.

This is because SK hynix's short sale volume yesterday poured out more than 1 million shares.

At 1 times the first trading day of this month, the transaction amount exceeded 100 billion won, and the stock price also fluctuated in the aftermath.

It is analyzed that the short-selling bomb was caused by SK hynix's recently issued 8.2 trillion won of overseas exchangeable bonds.

When investors buy SK hynix's bonds, they get them back in money or stocks after a certain period of time, and investors benefit only when the stock price rises.

As stock prices can fall, the securities industry believes that investors have tried to reduce future losses by trading shorts that make money when stock prices fall.

SK hynix issued exchangeable bonds to raise funds in advance after the severe semiconductor recession caused a deficit and dried up the money line.

SK hynix's operating deficit in the fourth quarter of last year was KRW 2.4 trillion, the first quarterly deficit in 1 years.

In the first quarter of this year, the stock market forecast that the operating deficit will reach up to 8 trillion won.

[Yang Pang Kim/Researcher, Korea Institute of Industrial Research: The semiconductor economic slowdown is a short-term deterioration caused by various factors such as a slowdown in global consumer sentiment.

Samsung Electronics also withdrew from its borrowing-free management stance and borrowed 900 trillion won from its subsidiary Samsung Display in February.

While securing live ammunition to withstand the semiconductor cold weather has become the biggest challenge in the industry, the market is paying attention to whether there will be a change in Samsung Electronics' stance that there is no artificial production cut.

(Video Interview: Shin Dong-hwan, Video Editing: Kim Byung-jik)