Kospi's daily turnover tops W40tr for 1st time amid stock rally

Average daily transactions in South Korea's benchmark index surpassed 40 trillion won ($26.4 billion) for the first time this month amid a record-breaking market rally, bourse data showed Monday.

The daily turnover of the Korea Composite Stock Price Index averaged 48.05 trillion won during the first 22 days of May, according to the data from the Korea Exchange.

The figure marked the highest monthly average on record, surpassing the previous high of 32.23 trillion won set in February.

The increas ...