I have also seen many articles that the trading value of the KOSPI and KOSDAQ has decreased to the level before the COVID-19 pandemic due to the recent share price drop.
According to the Korea Exchange, on the 13th, when the Bank of Korea raised the base interest rate by 0.5 percentage points for the first time in history, the daily trading volume of the KOSPI recorded KRW 5,998.5 billion.
It was the first 5 trillion won this year and the smallest in two years and five months since February 17, 2020, the early stage of the spread of COVID-19.
Compared to January 11, last year, when the daily trading value reached an all-time high, this is a whopping 90% decrease.
In January last year, the daily trading value of the KOSDAQ, which had risen to 20 trillion won, also fell to 5 trillion won.
It is an analysis that the departure of individual investors led to the stock market drought. As the downtrend continued, more than 50 listed companies in the so-called '1 trillion club', which had a market capitalization of more than 1 trillion won last year, disappeared.