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Bad News for Kospi Is Good News for Korean Stock Brokers

Updated on

Bad news in South Korea has been good news for stock brokerages.

Earnings misses by the nation’s largest companies, faltering consumer confidence, a gyrating won and the withdrawal of stimulus by the U.S. has boosted a gauge of stock-market volatility by 25 percent since the end of May. Bigger price swings spurred a 56 percent increase in volumes, helping the 10 largest brokerages by market value climb an average 11 percent in the past month through yesterday.