Foreign Investors Dump $801 Million in Korean Stocks as Kospi Slides 13% After 109% Surge
Updated
Updated · CNBC · Jun 11
Foreign Investors Dump $801 Million in Korean Stocks as Kospi Slides 13% After 109% Surge
3 articles · Updated · CNBC · Jun 11
Summary
$801 million in net foreign selling hit Kospi-listed shares on Monday, extending a drop of more than 13% in six sessions after the index’s June 2 record high.
Korea Exchange CEO Jeong Eun-bo said the selling reflects portfolio rebalancing after the Kospi surged 76% in 2025 and 108.85% year to date, not a loss of confidence in South Korea.
$62 billion in net foreign outflows had already left the Kospi by late May, Goldman Sachs estimated, while circuit breakers were triggered when the benchmark fell more than 8% on Monday.
1,561.5 won per dollar marked a 17-year low for the currency on June 5; Jeong said authorities are smoothing volatility and expects pressure to ease as rebalancing runs its course.
45% of the Kospi is concentrated in Samsung and SK Hynix, leaving the market especially exposed to chip-cycle swings, Middle East tensions and other external shocks even as banks lift index targets.