◆아주경제 주요뉴스
▷단종레 100일 '처참한 성적표'…평균수익률 -57%, 거래대금 20분의 1 '뚝'
- Trading volume for single-stock leverage and inverse ETFs has plummeted 100 days after their launch. On September 4, the trading volume for 16 products was 498.4 billion won, just one-twentieth of the 10.4 trillion won on the first day of trading on May 27. Compared to the peak of 19.4 trillion won on June 24, this represents a decrease to one-fortieth of that level. Trading volume also fell from 417.38 million shares to 55.25 million shares, a drop of 86.8%.
- The returns have also been disappointing. The average return for the 16 products since their listing is -57.61%, with both leverage and inverse products showing negative returns. Some products have dropped as much as 68%. The underlying asset prices, including those of Samsung Electronics and SK Hynix, have fallen by as much as 19% since the launch, leading to increased losses due to the structure of the products, which aim to double daily returns.
- The market is evaluating this situation as effectively leading to the discontinuation of these products. Concerns have been raised about increased market volatility, and stricter entry regulations may continue to suppress trading activity. During the National Assembly's audit in September, there are calls from both ruling and opposition parties to investigate the introduction process and accountability of these products, indicating it will be a major issue.
◆주요 리포트
▷다 돌아야 끝나는 [NH투자증권]
- Currently, AI investment is primarily driven by hardware infrastructure development, but it is expected to expand into software investments that utilize AI, suggesting a continuation of the investment cycle. The internet investment boom of the 1990s also followed a similar pattern, moving from infrastructure development to widespread utilization and productivity improvements.
- The average token price for large language models (LLMs) has dropped by 50% from early June to mid-August, while token usage has increased more than threefold. The price of computing resources has remained stable, indicating a growing demand for AI utilization.
- With increased investments in AI-related data centers, power, and semiconductors, the growth rate of U.S. manufacturing shipments has outpaced inventory growth, and signs of economic improvement are spreading to other industries such as pharmaceuticals and aviation.
- Future corporate profit growth rates are likely to slow due to base effects, but nominal GDP growth is expected to remain at higher levels than in the past. Considering factors such as fiscal deficits, increased corporate bond issuance, and declining savings rates, the decline in long-term interest rates is also expected to be limited.
- If all corporate bond issuances by hyperscalers are accounted for, the ratio of corporate debt to U.S. GDP is estimated to rise by 6 percentage points by 2030. However, this is not expected to lead to an immediate crisis, especially compared to the approximately 10 percentage point increase seen in the 2-3 years before past crises.
◆장 마감 후(7일) 주요공시
▷STX그린로지스: 유형자산 128억7440만원에 처분
▷메디콕스: 대표집행임원과 등기임원의 횡령·배임 혐의 발생
▷유진기업: 종속회사인 유진더블유가 보유하던 우리금융지주 주식 1400만주 4622억2984만원에 처분
▷사토시홀딩스: 제3자배정 유상증자 납입이 끝나면서 최대주주 바뀜
◆펀드 동향(4일 기준, ETF 제외)
▷국내 주식형: -314억원
▷해외 주식형: -95억원
◆오늘(8일) 주요일정
▷미국: 소기업낙관지수(8월), 고용동향지수(8월)
▷일본: GDP 성장률(2Q)
▷중국: 수출입통계(8월)
* This article has been translated by AI.
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