Debt Investment Surpasses 22 Trillion Won... Record High for 6 Consecutive Days
[Asia Economy Reporter Song Hwajeong] Individual investors borrowing money to buy stocks, known as 'debt investment,' have surpassed 22 trillion won, continuously breaking record highs.
According to the Korea Financial Investment Association on the 22nd, as of the 19th, the balance of credit extended by securities firms increased by 320.6 billion won from the previous day to 22.2232 trillion won. This is the first time the credit extended balance has exceeded 22 trillion won.
The balance of credit loan transactions refers to the amount individuals borrow from securities firms for stock investment, and it has set new record highs for six consecutive trading days since the 10th (21.6354 trillion won).
Hot Picks Today
"It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The credit loan balance surpassed 19 trillion won at the end of last year, exceeded 20 trillion won in early January, and soared to 21.6331 trillion won on the 25th. Afterwards, as the KOSPI's upward trend slowed and showed a correction, the balance decreased and fell below 20 trillion won on the 2nd. It then began to rise again, showing an increasing trend for 11 consecutive trading days.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.