Credit and leverage
KOSPI Margin Credit
The margin loan balance against KOSPI-listed shares, tracking retail leverage in large caps. Comparing it with the total and KOSDAQ balances shows which part of the market is carrying the leverage.
Latest
23.27 tn KRW
-0.04 tn KRW
KOSPI Margin Credit latest observations
- Observed
- 2026-10-27
- Latest
- 22.96 tn KRW
- Change from previous
- ▼ -0.31 tn KRW
Check the observation dates in both the summary and chart; release and refresh times can differ.
At a glance
KOSPI Margin Credit: latest value and prior change
As of 2026-10-26, KOSPI Margin Credit is 23.27 tn KRW. It is 0.04 tn KRW lower than 23.31 tn KRW on 2026-10-23.
Within the default comparison window of 1,000 observations from 2022-09-19 to 2026-10-26, the latest value is at the tie-adjusted 88th percentile. Available history covers 2010-01-04 to 2026-10-26 with 4,148 observations.
- Observed on
- Default comparison window
- 2022-09-19–2026-10-26
- Observations · observed cadence
- 1,000 · Daily
- Data source
- KOFIA FreeSIS
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
2026-07-28 → 2026-10-26 · tn KRW
- First
- 26.27 tn KRW
- 2026-07-28
- Latest
- 23.27 tn KRW
- 2026-10-26
- Window low
- 21.59 tn KRW
- 2026-08-04
- Window high
- 26.73 tn KRW
- 2026-10-13
The horizontal axis follows observation order; calendar intervals may differ. High and low refer to observed values within this window, not intraday or all-time extremes. Ties show the first observation date.
Time-series chart
KOSPI Margin Credit
2010-01-04–2026-10-26
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Recent observations and calculated changes
The ten latest chart observations. Change subtracts the previous observation; intervals vary with holidays, release schedules and missing data. A difference in rates or ratios is not an investment return.
| Observed | Value | Previous date | Difference (current − previous) |
|---|---|---|---|
| 2026-10-26 | 23.27 tn KRW | 2026-10-23 | -0.04 tn KRW |
| 2026-10-23 | 23.31 tn KRW | 2026-10-22 | -0.21 tn KRW |
| 2026-10-22 | 23.52 tn KRW | 2026-10-21 | 0.07 tn KRW |
| 2026-10-21 | 23.45 tn KRW | 2026-10-20 | -0.25 tn KRW |
| 2026-10-20 | 23.69 tn KRW | 2026-10-19 | -0.50 tn KRW |
| 2026-10-19 | 24.19 tn KRW | 2026-10-16 | -0.85 tn KRW |
| 2026-10-16 | 25.04 tn KRW | 2026-10-15 | -0.49 tn KRW |
| 2026-10-15 | 25.53 tn KRW | 2026-10-14 | -0.74 tn KRW |
| 2026-10-14 | 26.27 tn KRW | 2026-10-13 | -0.46 tn KRW |
| 2026-10-13 | 26.73 tn KRW | 2026-10-12 | 0.01 tn KRW |
Source: KOFIA FreeSIS
Interpretation guide
How to read KOSPI margin credit
KOSPI margin credit tracks retail margin-financed exposure in KOSPI-listed stocks. It helps separate healthy participation from crowded leverage and potential deleveraging pressure in large-cap Korea exposure.
What it tracks
A rising balance means retail investors are using more borrowed money in KOSPI names. Gradual increases alongside index strength can reflect participation, while sharp increases into a flat market can become future supply.
- Twenty sessions is an example comparison window. Record both the percentage and won change and compare them with the previous period.
- The same growth rate implies different amounts at different starting balances. When using a balance-to-market-cap ratio, examine both components separately.
- Balance declines can include repayments and other changes. Forced selling cannot be established without the relevant data.
Interpretation rules
Margin credit must be read with price. If KOSPI is rising and credit is rising gradually, risk appetite is improving. If price is weak while credit keeps rising, loss-making positions may be accumulating.
- KOSPI above its 20-day average with gradual credit growth is healthier participation.
- KOSPI below its 20-day average while credit keeps rising is a supply-risk warning.
- A sharp credit drop with a sharp index drop points more to liquidation risk than a clean bottom.
How to respond
Fast margin-credit growth raises the bar for chasing large caps. Cross-check foreign flows, USD/KRW, and market breadth before treating leverage growth as bullish.
- When credit grows quickly, review position size and invalidation levels before adding exposure.
- Foreign buying and a stable won can reduce the risk attached to higher margin balances.
- If credit falls while the index stabilizes, look for post-deleveraging recovery candidates.
Related views
Related indicators and radar
KOSPI Retail Net Buy
Retail flow for sentiment, supply pressure, and leverage context.
Checks whether large-cap leverage aligns with retail buying.
KOSPI Index
Korea's large-cap benchmark for risk appetite and flow conditions.
Connects margin pressure with the KOSPI trend.
Market breadth
Advance-decline breadth, high-low balance, and trend participation.
Checks whether leverage is supported by healthier breadth.
KOSPI heavyweight concentration
Market-cap concentration in the largest KOSPI names.
Links large-cap concentration with margin leverage.