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.…
Investor deposits at South Korean securities firms have plummeted due to ongoing stock market volatility, according to data released by the Korea Financial Investment Association. As of Thursday, investor deposits had fallen to 88.6 trillion won ($66.8 billion), the lowest level since January 13, marking a significant 51 trillion won decrease from 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 sharp swings and high volatility since July, with the index ending at 5,550.30 on Friday, a 0.3 percent gain.
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