South Korea's KOSPI index drops as much as 4.76% intraday as foreign institutions sell off together
2026. 10. 20. 19시 20분 1초
Bollcoin, October 20 - According to foreign media reports, after rebounding for two consecutive days and briefly appearing to have bottomed out, South Korea's composite stock price index (KOSPI) fell sharply again, dropping as much as 4.76% and losing the 5,500-point mark intraday. Affected by rising U.S. Treasury yields and the weak debut of a data center company, foreign investors reduced their holdings of Korean stocks, and institutional investors, including pension funds, also joined the selling, putting clear pressure on the market. As of press time, foreign investors had net sold 636.7 billion won in South Korea's securities market. Institutional investors also net sold 467 billion won, of which financial investment institutions net sold 241.8 billion won and pension funds net sold 159 billion won. Individual investors and other corporations net bought 838.8 billion won and 261.6 billion won respectively, attempting to support the index and limit further declines.