Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> gained 9.8% in September MTD and its 2x Leveraged Index rose 18.3%, but redemptions limited AUM growth to 15%.</li>
<li>Units declined across every long-leveraged ETF, while the inverse product added 10% more units despite losing 20.2%.</li>
<li>Annualised 21-day volatility fell from approximately 135% to 42%, coinciding with regulatory restrictions and a collapse in leveraged ETF flows and turnover.</li>
</ul>



Samsung Electronics (005930 KS) gained 9.8% in September MTD and its 2x Leveraged Index rose 18.3%, but redemptions limited AUM growth to 15%.
Units declined across every long-leveraged ETF, while the inverse product added 10% more units despite losing 20.2%.
Annualised 21-day volatility fell from approximately 135% to 42%, coinciding with regulatory restrictions and a collapse in leveraged ETF flows and turnover.


Samsung Elec (005930 KS): Volatility Falls as 2x ETF Trading Activity Slumps

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Thematic (Sector/Industry)

<ul>
<li>Anthropic launched Claude Haiku 5.5 at up to 90% lower prices, Reflection AI unveiled its Beam open-weight model, and OpenAI's annualized revenue was below recent estimates.</li>
<li>OpenAI rolled GPT-6 out across ChatGPT, AWS added Zhipu's GLM-5.3 to Bedrock, TSMC's third-quarter revenue rose 50.9% YoY and Samsung guided record operating profit.</li>
<li>DeepSeek neared USD 12bn of new funding, Moonshot closed at about USD 50bn, Firmus withdrew its ASX IPO and SpaceX sought about USD 40bn of debt for Nvidia chips.</li>
</ul>


Anthropic launched Claude Haiku 5.5 at up to 90% lower prices, Reflection AI unveiled its Beam open-weight model, and OpenAI's annualized revenue was below recent estimates.
OpenAI rolled GPT-6 out across ChatGPT, AWS added Zhipu's GLM-5.3 to Bedrock, TSMC's third-quarter revenue rose 50.9% YoY and Samsung guided record operating profit.
DeepSeek neared USD 12bn of new funding, Moonshot closed at about USD 50bn, Firmus withdrew its ASX IPO and SpaceX sought about USD 40bn of debt for Nvidia chips.


This Week in AI (Oct 4-10): Haiku 5.5's Throat-Cutting Prices; OpenAI Revenue Trails Expectation

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Index Rebalance

<ul>
<li><em><strong>Korea Value-Up Index closed at 3,274.46 on 19 September 2026, up 82.2% YTD, outperforming KOSPI and KOSPI200 which are up 63.6% and 79.9%, respectively in the same period. </strong></em></li>
<li>Market caps of 12 major ETFs in Korea that track the Korea Value Up index was 3.2 trillion won as of 18 September 2026,  up 154% from 2 January 2026.</li>
<li>Overall, I believe that this the Korea Value-Up Index could continue to receive significant amounts of capital inflow in the next several years.</li>
</ul>


Korea Value-Up Index closed at 3,274.46 on 19 September 2026, up 82.2% YTD, outperforming KOSPI and KOSPI200 which are up 63.6% and 79.9%, respectively in the same period. 
Market caps of 12 major ETFs in Korea that track the Korea Value Up index was 3.2 trillion won as of 18 September 2026,  up 154% from 2 January 2026.
Overall, I believe that this the Korea Value-Up Index could continue to receive significant amounts of capital inflow in the next several years.


Korea Value Up Index Continuing to Outperform KOSPI by Big Margin YTD

Event-Driven

<ul>
<li>As of 1 September, SK Hynix and Samsung Electronics have repurchased 13.5 trillion won, representing 24.5% of total planned buyback amount.</li>
<li>At the current pace, SK Hynix is expected to complete its buyback by October 2026. Samsung Electronics is also expected to complete its buyback earlier (in late September or October). </li>
<li>I continue to maintain the view that Samsung Electronics will announce a much bigger buyback/cancellation program in January 2027.</li>
</ul>


As of 1 September, SK Hynix and Samsung Electronics have repurchased 13.5 trillion won, representing 24.5% of total planned buyback amount.
At the current pace, SK Hynix is expected to complete its buyback by October 2026. Samsung Electronics is also expected to complete its buyback earlier (in late September or October). 
I continue to maintain the view that Samsung Electronics will announce a much bigger buyback/cancellation program in January 2027.


Progress of 55 Trillion Won Share Buybacks Announced by SK Hynix and Samsung Electronics

Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

<ul>
<li>
<a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> currently in its third week up, the rally is short-term overbought but could continue this week and the next.</li>
<li>Our model has identified profit targets for the current rally, for the next 2 weeks.</li>
<li>We also discuss support price zones, in case the stock starts to pullback this week, all the details are discussed below.</li>
</ul>



Samsung Electronics (005930 KS) currently in its third week up, the rally is short-term overbought but could continue this week and the next.
Our model has identified profit targets for the current rally, for the next 2 weeks.
We also discuss support price zones, in case the stock starts to pullback this week, all the details are discussed below.


Samsung Electronics (005930 KS) Tactical Outlook: Profit Targets

South Korea

Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.

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Samsung Electronics (005930 KS)

Samsung Elec (005930 KS): Volatility Falls as 2x ETF Trading Activity Slumps

Despite positive performance, redemptions persisted across long-leveraged ETFs, while the inverse product attracted new units. Falling activity...

Gaudenz Schneider

This Week in AI (Oct 4-10): Haiku 5.5's Throat-Cutting Prices; OpenAI Revenue Trails Expectation

This week in AI: Anthropic cut prices by up to 90% with Claude Haiku 5.5, OpenAI's annualized revenue reached about USD 50bn, and Moonshot closed...

Ke Yan, CFA, FRM

Korea Value Up Index Continuing to Outperform KOSPI by Big Margin YTD

Korea Value-Up Index closed at 3,274.46 on 19 September 2026, up 82.2% YTD, outperforming KOSPI and KOSPI200 which are up 63.6% and 79.9%,...

Douglas Kim