Kospi Drops 2%+ as Foreigners Flee Korean Chips Into China
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- Kospi fell more than 2% in early trading as foreign investors sold Korean shares, with chip stocks hit hardest on growth-peak fears that outweighed strong earnings, according to Chosunbiz.
- Chinese stocks surged as the same foreign capital rotated from Korea into China, marking one of the sharpest single-session divergences between the two major Asian markets.
Why it matters: Over 2% off the Kospi in a single session on foreign selling means Korean chip names — the index's heaviest weights — are bleeding while China attracts the inflows; if the rotation sticks, Korea's earnings-driven rally loses its key marginal buyer and China regains its regional gravity.
