South Korean Shares Fall on Foreign Selling

The benchmark KOSPI slipped more than 1% to around 8,330 on Wednesday, reversing gains from the previous session, as persistent foreign selling continued to weigh on sentiment. The sell-off came as the Korean won remained near a 17-year low against the US dollar and overseas investors continued to reduce exposure to local equities. Chipmakers and other large-cap technology names came under pressure after an extended AI-driven rally, with investors locking in gains following another strong quarter for global semiconductor stocks. Losses were also recorded in Samsung Electronics (-4.0%), SK Hynix (-3.3%), SK Square (-4.3%), LG Energy Solution (-2.4%), Hyundai Motor (-1.4%), and SK Inc. (-9.4%). Meanwhile, South Korea’s exports surpassed $100 billion for the first time in June, driven by a near tripling in semiconductor shipments and strong AI-related demand for memory chips and server equipment, helping limit the market’s losses.

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