April 26, 2024

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[THE INVESTOR] The daily turnover of Korea’s stock market spiked 33.4 percent on-year in October, the bourse operator said on Nov. 1.

The combined shares traded on the main KOSPI and tech-heavy KOSDAQ markets averaged slightly over 10 trillion won (US$8.93 billion) last month, according to the Korea Exchange.

The amount was also up 14.1 percent from the previous month. It marks the first time in 27 months that the daily turnover has surpassed the 10 trillion-won mark.

The surge in the daily turnover was attributed to the main stock market’s bullish run.

Some market watchers said an increase in the number of new retail investors had played a part.

By Alex Lee and newswires (alexlee@heraldcorp.com)