🚨INSANE: Foreign investors net-sold ￦6.25T won on the $KOSPI. Retail instantly absorbed it with ￦11.55T won in buying.

the largest single-day retail purchase in Korean market history.
Two-to-one. Retail didn't defend the index; they overran the sellers.
But nobody is asking the actual question here, which is: who is the retail buyer structurally? This isn't a grandma buying Samsung. Korea has the highest concentration of leveraged single-stock products tied to two names, Samsung and SK Hynix, anywhere in Asia. Retail buying the dip in this market is retail buying leveraged exposure to the dip.
That's the same mechanism that turned a routine pullback into back-to-back circuit breakers this month. Leverage amplifies the move on the way down. It also amplifies the "buy the dip" reflex on the way back up, because the products are designed to force rebalancing in both directions.
So when you see "retail absorbed the selling," the correct read isn't conviction. It's leveraged retail flow doing what leveraged retail flow does, which is overcorrect in both directions until the underlying stops moving.
Foreigners have net-sold $62B this year. Retail has net-bought roughly $70B. That's not a contest of conviction; that's two different risk appetites trading against each other with one side using margin.
Nobody loses money on this trade until the day they do. And in a market where two stocks are 45% of the index, that day shows up fast and all at once.