South Korea’s benchmark KOSPI underwent a sharp two-day correction amid negative news from U.S. equities and a steep sell-off in semiconductor shares. According to Jin10, Yonhap News Agency reported that during the adjustment period, overdraft account balances at major commercial banks rose by more than 600 billion won.
Analysts said the increase suggested that some retail investors began using overdraft facilities to finance leveraged stock purchases after the market drop, betting on a rebound.
STOCKS | South Korea’s KOSPI Sees Two-Day Correction as Retail Investors Increase Overdraft Borrowing
2026-06-10 04:56:52
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