#韩国kospi指数跌超2%
【South Korea’s stock market bounced for just one day before turning lower again. Can retail investors absorb the selling?】
South Korea’s KOSPI bounced for a day, then came crashing back down, falling more than 4% at one point during the session. Foreign investors were net sellers of about 636.7 billion won, while institutions sold 467 billion won. Retail investors, meanwhile, turned around and bought a net 838.8 billion won. Buying looked substantial, but the index kept falling all the same.
This sell-off isn’t just a bout of nerves. U.S. Treasury yields are rising, and pressure from financing costs remains. Elice, an AI data center company, fell more than 30% at one point on its first day of trading, prompting the market to ask: after pouring so much money into AI infrastructure, how much can it actually earn? Even South Korean semiconductor stocks, which depend on the AI supply chain, have been unable to escape the fallout.
What’s more important to watch is that while foreign investors continue to pull out, retail investors buying the dip can only temporarily absorb the selling; it doesn’t prove that the market has bottomed. A few days ago, institutional buying helped push the index into positive territory during a rebound. Now selling has picked up again, showing that investors still haven’t settled on a common direction.
Rather than rushing to call a bottom, watch first to see whether selling pressure from foreign investors eases and whether leading semiconductor stocks can stabilize. If neither improves, even a cheaper index may only look cheap on its way down.
【South Korea’s stock market bounced for just one day before turning lower again. Can retail investors absorb the selling?】
South Korea’s KOSPI bounced for a day, then came crashing back down, falling more than 4% at one point during the session. Foreign investors were net sellers of about 636.7 billion won, while institutions sold 467 billion won. Retail investors, meanwhile, turned around and bought a net 838.8 billion won. Buying looked substantial, but the index kept falling all the same.
This sell-off isn’t just a bout of nerves. U.S. Treasury yields are rising, and pressure from financing costs remains. Elice, an AI data center company, fell more than 30% at one point on its first day of trading, prompting the market to ask: after pouring so much money into AI infrastructure, how much can it actually earn? Even South Korean semiconductor stocks, which depend on the AI supply chain, have been unable to escape the fallout.
What’s more important to watch is that while foreign investors continue to pull out, retail investors buying the dip can only temporarily absorb the selling; it doesn’t prove that the market has bottomed. A few days ago, institutional buying helped push the index into positive territory during a rebound. Now selling has picked up again, showing that investors still haven’t settled on a common direction.
Rather than rushing to call a bottom, watch first to see whether selling pressure from foreign investors eases and whether leading semiconductor stocks can stabilize. If neither improves, even a cheaper index may only look cheap on its way down.