South Korean Chip Stocks Retrace Gains as Foreign Investors Sell $698M

KOSPI chip stocks pull back from Friday's 18% surge amid profit-taking and leveraged fund exits. Foreign investors sold over 1 trillion won, citing won strength and China tech news.

Woofun AI reports that South Korean chip stocks reversed Friday’s record gains on Monday, driven by profit-taking and the withdrawal of leveraged funds. The KOSPI had risen 18% previously, attributed to short covering, but foreign investors shifted to selling early Monday, offloading more than 1 trillion won (approximately $698 million). Market pressure intensified due to a strengthening Korean won and developments in Chinese AI and semiconductor technology.