Search results for Margin lending
Finance
Stock market slump drains sidelined cash as deposits fall to 90 trillion won
Investor deposits and margin lending in South Korea are falling as stock market volatility rises. Investor deposits stood at 90.3 trillion won as of Oct. 20, down 1.8 trillion won from the previous session and marking a sixth straight decline. Margin loan balances fell to 30.5 trillion won, their lowest since Aug. 12. The KOSPI closed down 3.73 percent at 5,552.74 on Oct. 20, while forced selling also eased.
Finance
Lee Chan-jin asks broker CEOs to step up shareholder returns and investor protection
Lee Chan-jin (이찬진), head of South Korea’s Financial Supervisory Service, urged securities firm CEOs to expand shareholder returns and social contributions in line with earnings growth and to strengthen investor protection. He said the industry could not secure its future without investor trust. Lee criticised shareholder return efforts as falling short of market expectations and cited wide gaps in dividend payout ratios among major brokers.
Finance
Korean stock volatility drives retail investors back to U.S. markets
Repeated sharp swings in South Korea\'s stock market are pushing retail money back into U.S. equities. Credit-financed stock balances and unsettled trading receivables have fallen, while investor deposits remain above 100 trillion won. Retail investors turned from heavy buying of SK Hynix and Samsung Electronics to net selling in late July. Net buying of U.S. shares surged, led by the 3-times leveraged semiconductor ETF SOXL. A lower won-dollar exchange rate also reduced costs.
