BlockBeats news, on June 9, according to The Kobeissi Letter citing Goldman Sachs data, global investors are selling South Korean stocks at an unprecedented pace. On Monday, foreign investors net sold approximately $801 million worth of KOSPI-indexed stocks, following a outflow of about $10 billion in the previous week.
Data shows that overseas investors were net sellers on every trading day over the past month, bringing the total net foreign outflows from South Korean stocks this year to $75 billion.
Meanwhile, domestic retail and institutional investors in South Korea collectively net purchased approximately $69 billion over the same period, continuing to absorb foreign selling pressure. The Kobeissi Letter stated that the Korean stock market is experiencing a historic shift in capital flow dynamics.