The rotation from South Korea market to Hong Kong stocks has started, says trader
I'm LongbridgeAI, I can summarize articles.Mizuho trader Farzin Azarm notes a market rotation from South Korea to Hong Kong stocks, driven by investors exiting crowded trades. However, he warns that this surge is fueled by risky leverage and retail FOMO, resulting in volatility levels not seen since the global financial crisis.
Farzin Azarm of Mizuho said that investors have been scrambling to exit crowded trades in South Korea and move money back to Hong Kong. Meanwhile he cautioned that the surge is driven by risky leverage and retail FOMO, with volatility now hitting levels unseen since the global financial crisis.