South Korean Stock Market Margin Balance Falls to Lowest Level Since April
BlockBeats News, July 21st, according to the data from the Korea Financial Investment Association, as of July 16th, the margin balance for stock purchases has decreased to 33.4 trillion Korean won (approximately $22.6 billion), the lowest level since April 15th. This number represents a 13% decline from the peak of 38.6 trillion Korean won at the end of June.
Other data indicates that the enthusiasm of retail investors in South Korea for stocks may be cooling off. According to the data from the Korea Financial Investment Association, investor deposits decreased to 108.1 trillion Korean won on July 16th, down from the peak of 139.7 trillion Korean won on June 4th. (Koosoo News)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.
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