South Korean equities fell sharply again, with the KOSPI plunging 8% intraday, while retail investors continued to buy into the weakness. According to the report, local retail traders posted net purchases of KRW 2.3179 trillion, or about $1.522 billion. Foreign investors, however, sold KRW 2.274 trillion worth of shares, equivalent to roughly $1.493 billion, adding pressure to the broader market. Institutional investors were also net sellers, offloading KRW 63.2 billion in stocks. Major technology names were hit hard, with SK Hynix and Samsung Electronics both down about 10%. The report cited Financial Post as the source for the fund flow data.
South Korean equities extended their sell-off on the day, with the market posting another sharp decline. Even as benchmark indexes fell, domestic retail investors remained net buyers, purchasing KRW 2.3179 trillion worth of shares, equivalent to about $1.522 billion.
In contrast, foreign investors sold KRW 2.274 trillion in stocks, or roughly $1.493 billion, a move that helped weigh on the broader market. Institutional investors also turned into net sellers, unloading shares worth KRW 63.2 billion.
According to Gate data, the KOSPI plunged 8% intraday. Large-cap names also came under heavy pressure, with SK Hynix and Samsung Electronics both falling about 10%. The report cited Financial Post for the flow data.
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