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Kospi Tops 3,200 Intraday for First Time Since 2021 and Closes Lower After Profit-Taking

Retail investors provided the only net buying support despite pullbacks from overseas institutions.

Overview

  • On July 11, the Kospi reached an intraday high of 3,216.69 before profit-taking drove its close down to 3,175.77.
  • Foreign investors offloaded 57.3 billion won in shares and institutional investors sold 31 billion won by midmorning.
  • Retail investors net bought 84.6 billion won, marking their strongest session amid broader profit-taking.
  • The secondary Kosdaq index rebounded to 803.47, returning to the 800-point range for the first time since June 25.
  • The Korean won was trading around 1,372–1,374 per dollar in early sessions.