South Korean stock market margin balance drops to lowest level since April

According to data from the Korea Financial Investment Association, as of July 16, the margin balance used for financing stock purchases has fallen to 33.4 trillion Korean won (approximately $22.6 billion), the lowest level since April 15. This figure represents a 13% decrease from the peak of 38.6 trillion Korean won at the end of June. Other data indicates that the enthusiasm of Korean retail investors for stocks may be cooling. According to the Korea Financial Investment Association, investor deposits fell to 108.1 trillion Korean won on July 16, down from the high of 139.7 trillion Korean won on June 4. (Jin Shi)