Huo Xing Finance reports, according to Jin Shi, as the Korea Composite Stock Price Index (KOSPI) has experienced sharp volatility since July, investor deposits have been rapidly declining. Last month, the average daily deposit size fell by nearly 20 trillion Korean won compared to the previous month and by approximately 10 trillion won compared to March this year. According to data from the Korea Financial Investment Association, as of the end of last month, total investor deposits stood at 104.6584 trillion Korean won, a decline of over 35 trillion won from the all-time high of 139.6948 trillion Korean won recorded on June 4.
KOSPI volatility causes investor deposits to drop by nearly 20 trillion won.
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Summary
Investor sentiment in South Korea has weakened as KOSPI volatility caused investor deposits to fall by nearly 20 trillion won in July. Average daily deposits dropped sharply from June’s peak of 139.6948 trillion won to 104.6584 trillion won by month-end. Altcoins to watch may attract increased attention as retail investors retreat from equities. The Korea Financial Investment Association reported a 35 trillion won decline from the peak, with deposits down 10 trillion won from March levels.
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