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Photo: Mirae Asset Securities |
[Alpha Biz= Kim Jisun] Mirae Asset Securities has decided to suspend new margin loans secured by Tesla shares in the name of investor protection. The company also plans to soon halt new loans secured by quantum computing-related stocks.
According to the financial investment industry on Thursday, Mirae Asset Securities announced on its website that it would suspend new margin loans for Tesla, effective from the previous day. Tesla, which had previously been classified as an "A group" stock eligible for margin loans until the 25th, has now been downgraded to "F group." Stocks classified in the F group have restrictions on new loans and the extension of existing loans.
There is speculation in the industry that the decision might reflect Chairman Park's personal judgment. While it is true that Tesla's stock has become volatile, with a significant drop of more than 30% from its peak in December due to a sharp decline in European electric vehicle sales and a market capitalization falling below $1 trillion, the decision to suspend margin loans has raised some eyebrows in the securities industry. Currently, Mirae Asset Securities is the only firm not considering new margin loans for Tesla.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
