Korea Exchange: Foreign investors sold 7.26 trillion won worth of stocks in the first week of November, setting a new weekly record.
on Sunday, the South Korean exchange stated that in the first week of November, the major South Korean stock indices experienced the largest single-week sell-off by foreign investors in history. The reason was profit-taking and concerns about a bubble in artificial intelligence (AI) stocks, leading to a market decline. The exchange stated that from Monday to Friday, foreign investors sold a total of 7.26 trillion Korean won (approximately $4.8 billion) worth of stocks. This amount set a new record for the largest single-week sell-off by foreign investors in the history of the South Korean Composite Stock Price Index (KOSPI), surpassing the previous record of 7.05 trillion Korean won in the second week of August 2021.
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