Foreign Capital Flows into Chip Stocks, Pushing South Korea's KOSPI Index to Surge Over 8%

Odaily reported that on Wednesday, the Seoul stock market returned to the 7,000-point mark. As risk appetite recovered and foreign buying increased, South Korea's KOSPI index surged over 8% during the session. As of 2:30 p.m. local time, foreign investors net purchased 2.4 trillion won (approximately $1.61 billion) worth of stocks, more than double the nearly 1 trillion won net purchase from the previous day. Institutional investors net bought 180 billion won, a slower pace compared to Tuesday. Retail investors were the only net sellers, offloading nearly 2.5 trillion won in stocks. (Jin Shi)