KOSPI Swings 17.47% as Foreigners Dump 19.43 Trillion Won and Chip Jitters Deepen
Updated
Updated · 매일경제 · Jul 5
KOSPI Swings 17.47% as Foreigners Dump 19.43 Trillion Won and Chip Jitters Deepen
1 articles · Updated · 매일경제 · Jul 5
Summary
7,378.10 to 8,667.73 points marked KOSPI’s wide trading range last week, with the benchmark whipsawed by heavy selling in large semiconductor names.
19.43 trillion won of net foreign selling over the week — and 157 trillion won on KOSPI this year — added pressure as global funds rebalanced after Korea’s first-half rally and the won weakened to 1,540-1,550 per dollar.
Samsung Electronics’ July 7 second-quarter earnings are now the key near-term test, with investors watching whether results beat the 84.8 trillion won consensus and help revive confidence in memory and AI-linked chip demand.
SK Hynix’s planned Nasdaq ADR listing on July 10 and June FOMC minutes on July 9 could add more volatility, though brokerages still see this week’s KOSPI moving in a 7,200-9,000 band.