KOSPI Falls 3.84% as Foreign Investors Sell Samsung, SK Hynix for 16 Trillion Won in Week

According to Korea Exchange, South Korea's KOSPI index fell 3.84% during the week of June 29-July 3, weighed by a sharp increase in foreign investor selling. Foreign investors offloaded approximately 16 trillion Korean won of Samsung Electronics and SK Hynix shares during the week.

The index held above 8,000 points on the final trading day due to institutional buying exceeding 4 trillion won. Analysts note that SpaceX's upcoming inclusion in the Nasdaq-100 index poses a near-term headwind, as ETFs tracking the index may mechanically purchase SpaceX shares by reallocating from semiconductor stocks. Samsung Electronics is scheduled to release its second-quarter earnings guidance on July 7, which market participants view as a potential turning point for the domestic market direction.