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KOSPI Pulls Back From Record as Tech Slips and Big Investors Sell

Profit-taking after a record run drove a tech-led pullback.

Overview

  • The KOSPI closed at 3,445.24, down 0.46%, a day after setting an all-time high of 3,461.30.
  • Foreign and institutional investors were net sellers by 307.89 billion won and 335.68 billion won, while retail investors bought a net 535.02 billion won.
  • Tech weakness weighed on the index, with Samsung Electronics down 0.99% as SK hynix was flat and LG Energy Solution fell 1.41%.
  • Market breadth softened with losers topping winners 635 to 242 on moderate turnover of 339.5 million shares worth 14.18 trillion won.
  • The won weakened to about 1,393.6–1,394.35 per dollar, and three- and five-year government bond yields rose to 2.441% and 2.583%, reflecting a cautious tone after a 3.02% weekly rally linked to Fed-cut hopes and a domestic tax policy shift.