Foreign capital flows into chip stocks drive Korea's KOSPI index up over 8%

Odaily Planet Daily News On Wednesday, Seoul's stock market returned to the 7,000-point mark. As risk appetite recovered and foreign buying increased, South Korea's KOSPI index surged more than 8% during the session. As of 2:30 p.m. local time, foreign investors recorded net purchases of stocks worth 2.4 trillion won (approximately $1.61 billion), more than double the nearly 1 trillion won net purchase volume from the previous day. Institutional investors net purchased 180 billion won, with buying intensity slowing compared to Tuesday. Retail investors were the only net sellers, offloading stocks worth nearly 2.5 trillion won. (Jinshi)