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Foreign capital floods into chip stocks, driving the South Korean KOSPI index to surge more than 8%

金色财经_
Golden Finance reported that on Wednesday, July 15, the Seoul stock market returned to the 7,000-point level. As risk appetite rebounded and foreign investors increased their buying, South Korea’s KOSPI index surged by more than 8% at one point during the trading session. As of 2:30 p.m. local time, foreign investors were net buyers of stocks worth KRW 2.4 trillion (about US$1.61 billion), more than double the nearly KRW 1 trillion net buying on the previous day. Institutional investors were net buyers of KRW 180 billion, with their buying momentum slowing compared with Tuesday. Retail investors were the only net sellers, offloading stocks worth nearly KRW 2.5 trillion. (Golden Ten)
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