Foreign buying rushes into chip names, lifting Korea's KOSPI more than 8%
AI Market Summary
South Korea's KOSPI surged over 8% intraday as risk appetite improved and foreign investors accelerated net purchases to KRW 2.4 trillion, more than double the prior session. The flow-led rally, concentrated in chip-linked equities, signals renewed offshore demand for Korean risk assets. Institutional buying continued but slowed, while retail selling dominated, highlighting a sharp rotation in positioning that can amplify near-term index volatility.
Impact level
● Medium
Affected assets
NCSIKOSPI2USD/USDT+5.68%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▲ Bullish
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Odaily Planet Daily reported that Seoul shares climbed back above the 7,000 level on Wednesday as risk appetite improved and overseas investors stepped up purchases, sending South Korea's KOSPI up more than 8% intraday. As of 2:30 p.m. local time, foreign investors had net bought KRW 2.4 trillion (about USD 16.1 billion) in equities, more than double the KRW 1 trillion recorded a day earlier. Institutions were net buyers of KRW 180 billion, though inflows cooled from Tuesday. Retail investors were the sole net sellers, unloading nearly KRW 2.5 trillion worth of stocks. (Jin10)
