South Korea's KOSPI stock index closed at a record high of 7,981.41 points on Thursday [1].
The surge represents a significant psychological milestone for the Korea Exchange, as the market nears the 8,000-point threshold. This growth indicates strong domestic confidence despite a cooling trend among international investors.
The index rose 1.75% from the previous trading day [1]. This climb brought the market to within 19 points of the 8,000-point level [1].
Market data shows that the record high was propelled by aggressive buying pressure from individual investors [1]. This domestic momentum countered a persistent trend of outflows from international markets. Foreign investors have maintained a net selling position for six consecutive trading days [1].
On Thursday alone, foreign investors recorded a net sell amount of 2.145 trillion KRW [1]. Despite this heavy selling, the KOSPI continued its upward trajectory.
Kim Se-ho of YTN said the KOSPI closed at 7,981.41, up 1.75% from the previous day [1]. Kim said that foreign investors continued their selling streak for six trading days, with today's net selling reaching 2.145 trillion KRW [1].
The rally suggests a decoupling between local retail sentiment and foreign institutional strategies. While global funds are reducing their exposure to the South Korean market, individual traders are increasing their positions, pushing the index to an all-time peak.
“KOSPI closed at 7,981.41 points, a record high, up 1.75% from the previous day”
The KOSPI's ascent to a record high despite significant foreign capital flight suggests that domestic retail investors are currently the primary drivers of the South Korean equity market. The proximity to the 8,000-point mark creates a psychological focal point for traders, though the 2.145 trillion KRW exit by foreign investors indicates a divergence in valuation perspectives between local and global markets.
