Stock mar­ket’s daily turnover hits 10-month low in Sept.

The Korea Times - - FINANCE -

The daily turnover of Korea’s stock mar­ket sank to a 10-month low in Septem­ber as in­vestors’ ap­petites for risky as­sets re­mained weak amid eco­nomic un­cer­tain­ties, data showed Tues­day.

The daily trans­ac­tions on the main KOSPI and sec­ondary Kos­daq mar­kets av­er­aged 8.48 tril­lion won ($7.07 bil­lion) last month, down 150 bil­lion won from a month ear­lier, ac­cord­ing to the data by the Korea Ex­change.

It marked the low­est level since Novem­ber last year, when the av­er­age daily trad­ing vol­ume stood at 8.42 tril­lion won.

The av­er­age daily turnover of the KOSPI mar­ket stood at 4.51 tril­lion won last month, com­pared with 4.63 tril­lion won in Au­gust.

The av­er­age daily turnover of the Kos­daq mar­ket also fell to 3.97 tril­lion won last month, com­pared with 3.99 tril­lion won a month ear­lier.

Seo Sang-young, a re­searcher at Ki­woom Se­cu­ri­ties, said U.S.-China trade talks re­mained the big­gest con­cern for in­vestors.

Some in­vestors also re­mained cau­tious ahead of an an­nounce­ment by Sam­sung Elec­tron­ics for its third-quar­ter earn­ings guid­ance and a speech by U.S. Fed­eral Re­serve Chair­man Jerome Pow­ell, Seo said.

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