Ioannis Blekos, managing director of Goldman Sachs's trading department, pointed out that as of July 13, the leveraged credit accounts of more than 1.2 million retail investors in the Korean market had triggered additional margin notices, and about 320,000 to 360,000 accounts had been forcibly closed by brokerage firms. South Korea has a population of about 35.7 million people aged 15 to 64. According to this estimate, about 1 out of every 30 working-age workers will receive an additional security deposit notice. According to reports, the retail brokerage account margin balance has been reduced by about 30 trillion won, to the lowest level since February 20 this year. Meanwhile, the proportion of accounts receiving additional margin notices rose to around 5% last Friday, and is expected to rise further as the semiconductor sector sell-off intensifies. According to reports, Thursday's capital flow data showed that foreign investors and local institutional investors have already withdrawn. On Friday, the Korean stock market was closed due to a legal holiday.

Zhitongcaijing · 1d ago
Ioannis Blekos, managing director of Goldman Sachs's trading department, pointed out that as of July 13, the leveraged credit accounts of more than 1.2 million retail investors in the Korean market had triggered additional margin notices, and about 320,000 to 360,000 accounts had been forcibly closed by brokerage firms. South Korea has a population of about 35.7 million people aged 15 to 64. According to this estimate, about 1 out of every 30 working-age workers will receive an additional security deposit notice. According to reports, the retail brokerage account margin balance has been reduced by about 30 trillion won, to the lowest level since February 20 this year. Meanwhile, the proportion of accounts receiving additional margin notices rose to around 5% last Friday, and is expected to rise further as the semiconductor sector sell-off intensifies. According to reports, Thursday's capital flow data showed that foreign investors and local institutional investors have already withdrawn. On Friday, the Korean stock market was closed due to a legal holiday.