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Tariff Worries and Profit-Taking Pull KOSPI Down Despite Record Foreign Inflows

Foreign investors maintained record stakes in local stocks; profit-taking in defense and semiconductor shares capped the market advance.

Overview

  • The KOSPI dropped 17.67 points on August 8 to close at 3,210.01 after institutions and foreign investors offloaded a combined 289.1 billion won of shares.
  • On August 7 the index had climbed 29.54 points to 3,227.68 as technology and auto stocks rallied on U.S. market gains.
  • Samsung Electronics rose for a second session after securing a deal to produce Apple’s next-generation processor at its Austin foundry.
  • Offshore investors held a record 921.6 trillion won of Korean equities at the end of July, marking three straight months of net purchases.
  • The won traded between 1,381 and 1,389 per dollar as traders weighed U.S. tariff policy and the government’s upcoming visa waiver for Chinese tour groups.