South Korea\'s KOSPI fell more than 8 percent intraday and triggered a circuit breaker, but trading volumes at Upbit, the country\'s largest crypto exchange, rose only slightly. Bitcoin volume increased over July 12 to 14, yet remained below the 30-day average and far under a recent peak. Analysts said the rise did not signal a new trading phase and it is still hard to conclude stock funds moved into crypto.

South Korea\'s margin loan balance fell for a sixth straight session and slid to its lowest level in about three months after a sharp drop in local stocks. The outstanding balance stood at 34.8 trillion won as of July 13, the Korea Financial Investment Association said. Investor deposits held at brokerages but not yet used to buy stocks rose after four sessions of declines to 109.0 trillion won.