Foreign investors have continued to sell South Korean stocks, and the pace of selling has not eased, according to a brokerage report. According to Odaily, a series of events from the end of this month to mid-November, including earnings from the two memory-chip giants, the U.S. midterm elections, changes in Middle East tensions, and a potential Anthropic listing, could become turning points for foreign capital to return.

Data from the Korea Exchange on the 14th showed that foreign investors had recorded net sales of 203.6977 trillion won in the main board of the KOSPI so far this year. Samsung Electronics and SK Hynix alone accounted for about 176 trillion won of those net sales, or 86% of the total. Foreign ownership in Samsung Electronics has fallen to its lowest level in 18 years, while SK Hynix foreign ownership has dropped below its 10-year average. The report said the foreign outflow has been a key driver of the KOSPI's decline, alongside rising geopolitical risks in the Middle East, concerns over OpenAI's annual revenue, and worries about stronger competition from foreign companies.