Yonhap Infomax NewsSouth Korea’s broad money supply (M2) surged by 44 trillion won in May, the largest increase in 14 months, as a strong KOSPI rally drove funds into equities and investment products, according to Bank of Korea data.
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KOSPI Rally Drives May M2 Growth to 14-Month High as Funds Flow Into Equities
South Korea’s broad money supply (M2) surged by 44 trillion won in May, the largest increase in 14 months, as a strong KOSPI rally drove funds into equities and investment products, according to Bank of Korea data.