South Korean Stock Market Continues Steep Decline, Retail Investors' Funds Flow into Crypto, Upbit's Daily Trading Volume Surges by 1663%

BlockBeats News, July 14th Today, the South Korean stock market continued its downward trend, with the KOSPI index plunging by 4.00% intraday, and SK Hynix dropping over 7%.

The ongoing stock market slump seems to have started to deter South Korean retail investors, with a noticeable capital inflow into the crypto market. According to Coingecko data, the largest South Korean CEX, Upbit, saw a 24-hour trading volume of $4.26 billion, a 1663% increase.

The top 5 traded assets on this CEX are: Bitcoin, XRP, USDT, ETH, and XEC.