As the domestic stock market’s correction continues, investor deposits, often referred to as standby cash for the market, fell below 100 trillion won. They have dropped by more than 40 trillion won in about 2 months since hitting a record high in June.

The Korea Financial Investment Association said investor deposits stood at 97.93 trillion won as of Aug. 11. That was down 2.79 trillion won from 100.72 trillion won a session earlier.

Investor deposits fell below 100 trillion won for the first time since Feb. 13, when they totaled 99.27 trillion won. In absolute terms, they were the lowest in about 6 months since Feb. 10, when they stood at 95.30 trillion won.

They were down 41.77 trillion won from the record high of 139.69 trillion won set on June 4. The decline rate reached 29.9 percent.

Investor deposits are funds that investors have placed in brokerage accounts but have not yet used to buy stocks or financial products. They are seen as standby funds that could flow into the stock market.

Investor funds flowed in quickly during this year’s rise in the domestic stock market, sharply increasing investor deposits. Recently, deposits have been declining as market volatility has widened and the KOSPI has undergone a correction. About 30 percent of investor deposits has left compared with early June.