‼️South Korean retail investors are betting on stocks with borrowed money at a record pace:
Margin loans in South Korea have surged to a record 38 trillion won, or ~$24.8 billion.
This is more than DOUBLING over the last 12 months and well above the previous peak of ~24 trillion won set during the 2021 retail frenzy.
Meanwhile, the KOSPI index fell as much as -9% on Friday, forcing the Korea Exchange to trigger a 20-minute circuit breaker, the 5th activation this year out of just 11 total episodes since 2000.
This also follows the KOSPI's -10% crash on Tuesday, its 3rd-largest single-day decline in history.
Margin calls are surging in Korea.
Margin loans in South Korea have surged to a record 38 trillion won, or ~$24.8 billion.
This is more than DOUBLING over the last 12 months and well above the previous peak of ~24 trillion won set during the 2021 retail frenzy.
Meanwhile, the KOSPI index fell as much as -9% on Friday, forcing the Korea Exchange to trigger a 20-minute circuit breaker, the 5th activation this year out of just 11 total episodes since 2000.
This also follows the KOSPI's -10% crash on Tuesday, its 3rd-largest single-day decline in history.
Margin calls are surging in Korea.