Business · Markets · 3 hrs ago

Forced Stock Sales Near 90 Billion Won as South Korea’s KOSPI Slides

Forced Stock Sales Near 90 Billion Won as South Korea’s KOSPI Slides

South Korea’s KOSPI fell sharply, and forced sales of shares bought with borrowed money increased.

The sales involve investors who borrowed to buy stocks and then had shares sold off against their wishes.

The forced sales reached nearly 90 billion won in one day, according to the reported figures.

That was the largest daily total in more than two months.

The figure shows a sharp rise in forced selling as the market fell.

The available information does not say what happens next.

1 source

Related

What people are saying

Chosun Ilbo reportnews article
One-day forced sales reached nearly 90 billion won, the highest in about two months.
via Chosun Ilbo