‘Jensen Huang scandal’ Nvidia plummets… Seohak Ants, buy 100 billion won in one week

It was revealed that 'Seohak Ants', which invests in the U.S. stock market, made a net purchase of about 100 billion won in Nvidia stocks during the week when rumors of former Nvidia CEO Jensen Hwang's affair arose.

According to Savero of the Korea Securities Depository on the 14th, domestic investors made a net purchase of 79.48 million dollars (about 106.1 billion won) of NVIDIA from the 6th to the 12th (based on the date of inquiry). This is the fifth largest amount among U.S. listed stocks.

On the 8th (local time), former CEO Hwang admitted to an affair with a person suspected of being a spy for the Chinese intelligence agency, and Nvidia also announced in an official statement that its independent board of directors had begun an investigation. Former CEO Hwang resigned from his position as CEO on the 12th.

In the aftermath of CEO Hwang's affair, Nvidia fell 8.5% from the 9th to the 12th.

While the New York stock market generally showed a rebound during the week, Nvidia fell sharply alone, which is interpreted to have led to an influx of low-priced buying by Seohak Ants.

The stock that Seohak Ants purchased the most was 'SOXL', which tracks the US semiconductor index three times, at $583.13 million (approximately KRW 779.1 billion).

'TQQQ' ($247.63 million), which has 3x leverage on the Nasdaq 100 index, and 'OLD' ($167.06 million), which has 2x leverage, followed in second and third place.

In Korea as well, buying power was concentrated on leveraged ETFs.

According to the results of KOSCOM ETF CHECK, net inflow of funds of 466.9 billion won and 174 billion won, respectively, into 'KODEX KOSDAQ 150 Leverage' and 'KODEX Leverage' in one week (6th to 12th). It is the second and sixth largest among domestic listed ETFs.

The first place was 'KODEX 200' with KRW 1.0515 trillion, showing that there was great anticipation for a rise in stock prices.

During the same period, the actual counter sale amount compared to consignment sale receivables totaled 134.5 billion won. This is 3.7 times the amount of 36.5 billion won in the previous week (October 30 to November 5).

In particular, on the 12th, 14.9 billion won was reverse traded, the most since the 27th of last month (19.3 billion won).

Investor deposits, which are in the nature of stock market standby funds, amounted to KRW 92.2347 trillion as of the 12th, recovering KRW 90 trillion in 4 trading days since the 6th.

The credit transaction loan balance, which is an indicator of 'debt investment' (investment by borrowing money), was 25.7729 trillion won, the lowest since October 31 of last year.