(LEAD) Main stock market’s turnover plunges amid U.S. monetary tightening | Yonhap News Agency

In January 2021, the average daily transactions of the KOSPI market shot up to 26.4 trillion won.

Last week, the Fed raised the benchmark interest rate by a half-percentage point to a range of 0.75-1 percent, the biggest hike in 22 years, to curb runaway inflation.

In April, the Bank of Korea raised the policy rate by a quarter percentage point to 1.5 percent, the fourth rate hike since August last year.

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