Korean Exchange: Foreign investors sold 7.26 trillion won worth of stocks in the first week of November, setting a new weekly record

Jinse Finance reported that on Sunday, the Korean Exchange stated that in the first week of November, Korea's major stock index experienced the largest single-week sell-off by foreign investors in history. This was due to profit-taking and concerns over an artificial intelligence (AI) stock bubble, which led to a market decline. According to the exchange, from Monday to Friday, foreign investors sold a total of 7.26 trillion won (approximately $4.98 billion) worth of stocks. This amount set a new record for the largest single-week sell-off by foreign investors in the history of the Korea Composite Stock Price Index (KOSPI), surpassing the previous record of 7.05 trillion won in the second week of August 2021.