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KOSPI Stock Index Falls 4% as Upbit Trading Volume Surges 1,426%
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
South Korea’s KOSPI extended its sell-off on July 14, falling 4% intraday to 6,534.34, while SK Hynix dropped more than 7%. At the same time, Upbit’s 24-hour trading volume jumped 1,426% to $4.27 billion, according to CoinGecko. The sharp increase in crypto trading came as the stock market weakened and forced liquidations in South Korean equities reached about KRW 425.8 billion ($286 million) between July 1 and July 10. Investors will watch whether volatility continues across both stock and crypto markets.
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