Foreign capital sell-off causes South Korean stocks to fall below 7,000 points; 35 “sidecar” mechanisms triggered this year amid frequent market surges and plunges

Glonghui July 13 | According to Korean media, the Korea Composite Stock Price Index (KOSPI) temporarily fell below the 7,000-point mark during trading, triggering the seventh circuit breaker of the year. Due to rising geopolitical tensions between the US and Iran, foreign and institutional investors conducted massive stock sell-offs, causing a sharp decline in the index. This is the first time since May 4 that KOSPI has fallen below 7,000 points during trading in nearly two months. Data shows that foreign and institutional investors led the decline, with foreign investors net selling 2.23 trillion won and institutional investors net selling about 570 billion won, while individual investors had a net purchase of nearly 2.7 trillion won. Among institutional investors, the National Pension Fund net bought about 220 billion won. Recently, the Korean stock market has experienced intense fluctuations, with dramatic rises and falls.