SEOUL, Feb. 1 (Yonhap) -- The South Korean stock market's turnover reached a new all-time high in January thanks mainly to the red-hot performance of the tech-heavy minor bourse, data showed Thursday.
The combined turnover of the main KOSPI, secondary KOSDAQ and tertiary KONEX markets stood at 347.9 trillion won (US$326 billion) last month, compared with the previous record of 280.4 trillion won in November last year.
The milestone was reached largely on the back of the KOSDAQ's stellar rally since November as retail investors flocked to the tech-laden market on the government's KOSDAQ-boosting steps.
The value of shares traded on the KOSDAQ market came to a new high of 190.6 trillion won in January, compared with 125.3 trillion won a month earlier.
The figure reached 142.4 trillion won in November, breaking the 100 trillion-won level for the first time in 28 months.
In addition, the turnover of the main KOSPI market spiked nearly 50 percent on-month to 157 trillion won in January, the ninth-largest monthly amount of all time. The monthly record of the KOSPI market's turnover is 193.2 trillion won recorded in April 2011.
In particular, 3.3 trillion won worth of top-cap Samsung Electronics shares were traded Wednesday alone on its stock split decision, marking the largest daily turnover of any single stock.
The turnover of the KONEX market also hit a new high of 250.3 billion won in January, compared with the previous record of 83.2 billion won in March 2016.
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