Guys, the recent move in the Korean stock market is kind of interesting.

After falling for two straight days, it accumulated a drop of 10.5%. On Tuesday, it rebounded directly by more than 3%.

It mainly got a push from semiconductor stocks leading the surge, and the Korean won also moved down a bit from its 10-week high.

But looking over a longer period, since the historical high on June 22, the KOSPI has already fallen by more than a quarter.

Put simply: when it rallies too much, people take profits. Once foreign capital pulls out, the index can’t hold up.

Whether the rebound can last depends on whether foreign investors continue selling or flip and buy back.