Investor deposits at brokerages plunge on stock market volatility
South Korean stock investors' deposits at securities firms have plunged, according to industry data Saturday, amid prolonged volatility in the stock market. The amount of investor deposits came to 88.6 trillion won ($66.8 billion) as of Thursday, marking the lowest amount since Jan. 13, when they stood at 88.04 trillion won, according to the data from the Korea Financial Investment Association.…
South Korean stock investors have witnessed a significant drop in deposits at securities firms due to market volatility, according to data released by the Korea Financial Investment Association. As of Thursday, the total amount of investor deposits stood at 88.6 trillion won ($66.8 billion), the lowest since January 13 when the figure was 88.04 trillion won.
This represents a decline of 51 trillion won, or 51%, compared to June 4, when deposits were at 139.6 trillion won. The Korea Composite Stock Price Index (KOSPI), which reached the 9,000-point milestone in June, has experienced considerable fluctuations and heightened volatility since July. On Friday, the KOSPI ended the trading day at 5,550.30, marking a 0.3% gain.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
