Foreign capital flooded into chip stocks, driving the South Korean KOSPI index to surge over 8%

Odaily Planet Daily News On Wednesday, the Seoul stock market returned to the 7,000-point mark. As risk appetite recovered and foreign capital increased its buying, the South Korean KOSPI index surged over 8% during intraday trading. As of 2:30 PM local time, foreign investors had net purchased stocks worth 2.4 trillion Korean won (approximately 1.61 billion USD), more than double the nearly 1 trillion Korean won net purchase amount from the previous day. Institutional investors recorded net purchases of 180 billion Korean won, a slowdown compared to Tuesday's buying intensity. Retail investors were the only net sellers, offloading stocks worth nearly 2.5 trillion Korean won. (Jin Shi)