Margin loans fall to 3-month low as market correction deepens

South Korea's outstanding margin loans, a key gauge of leveraged stock investment by retail investors, fell to their lowest level in more than three months as the prolonged market correction prompted investors to scale back leveraged bets.

According to the Korea Financial Investment Association on Friday, outstanding margin loans stood at 32.75 trillion won ($22.4 billion) as of Wednesday, coming down to its lowest level since April 9.

Margin loans have been on a steady decline alongside the Kos ...