SKHY

This is a shocking statistic:

SK Hynix & Samsung shares/leveraged ETFs make up over 70% of trading volume in South Korea.

I think the memory concentration is rational.

But over 70% of daily volumes with ~15-20% in leveraged ETFs just reeks of a gambling mindset.

I can also guarantee that most of those "investors" don't know what SK Hynix do, and probably think that Samsung are going up cos of phones/TVs.

Then there was that WSJ article a few weeks ago that interviewed people who full-ported their life savings into 2x leveraged SK Hynix.

All paints a pretty stark picture around the state of Korean investment culture imo.