$ETH Amid foreign capital trimming of 12.3 trillion won, Korea’s deposit fund hits a 5-month low, with a balance of 107.1 trillion won. According to Financial News and Yonhap, on July 9, Korean investors’ deposit fund fell to 107.1 trillion won, the lowest level in five months. Market volatility has prompted retail investors to either buy at lower prices or withdraw funds/recall cash. The decline suggests that the “ammunition” used to deal with ongoing offshore selling pressure is running out. From June 1 to July 10, foreign investors net sold 12.3 trillion won in the stock market; retail investors absorbed most of the pressure via net buying of 9.4 trillion won. However, starting July 8, individual investors turned to net selling, continuing through July 10, as erosion of the deposit fund constrained their firepower, making it difficult to cushion further capital outflows.

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