SK하이닉스 (사진=연합뉴스)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] SK Hynix was designated as an overheated short selling item on the 5th and was released due to a short selling bomb of more than 10 million shares.

The Korea Exchange designated SK Hynix as an overheated short selling item and banned SK Hynix's short selling in regular and overtime markets.

According to the exchange, SK Hynix's short stock selling amounted to 10,643 shares on the 4th alone. The transaction amount alone is 836.2 billion won, 87 times higher than the public sale amount (9.6 billion won) on the 3rd. As SK Hynix's short stock selling poured out, KOSPI's short stock selling volume also surged from 628.5 billion won on the 3rd to 1.3998 trillion won on the 4th.

Most of SK Hynix's public sales came from block deals (after-hours bulk trading), suggesting that foreigners may have started short selling in terms of risk avoidance (hedge) as they bought 2.2 trillion won worth of exchange bonds (EB) issued by SK Hynix.

SK Hynix's stock price did not fall more than 5% on the same day, so the ban on short selling ended on the same day. SK Hynix fell 3.10% in the wake of the EB issuance the previous day, but closed at 84,600 won, up 100 won.

 

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