BlockBeats news, July 7: The Wall Street Journal published an article yesterday analyzing the recent high volatility in the Korean stock market. The article cited data showing that over the past year, the Korean KOSPI index experienced 77 trading days with daily fluctuations exceeding 2%. During the same period, the U.S. benchmark S&P 500 index recorded only five such instances. The KOSPI had 44 days with daily swings exceeding 3%, while the S&P 500 never exceeded 3%, and the KOSPI had 23 days with daily fluctuations surpassing 5%.
Reports indicate that this volatility has become one of the factors attracting numerous Korean retail investors who trade purely for the sake of trading. Maxence Visseau, founder of the macro and quantitative hedge fund Arkevium Capital, commented: “For retail investors seeking excitement, volatility is precisely what draws them in.”
The report also noted that foreign capital outflows exceeded $100 billion (approximately 154 trillion KRW) in the first half of this year, with $30 billion flowing out in June alone. This trend "could ultimately result in losses for local investors."