Bad week for ‘the ants’ as ripple effects of Korean crash spread out across Asia
It was a bad week for “the ants,” as South Korea’s army of retail traders are known colloquially. 1.2 million of them were clobbered with margin calls. That’s more than 3% of the country’s adult population, illustrating the feverish extent of stock market speculation and the danger of leverage.
Overview
It was a bad week for “the ants,” as South Korea’s army of retail traders are known colloquially. 1.2 million of them were clobbered with margin calls. That’s more than 3% of the country’s adult population, illustrating the feverish extent of stock market speculation and the danger of leverage.
Source
Originally published at www.marketwatch.com.
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