In the Korea Exchange's main board, foreigners dumped 4.5 trillion won, sending the KOSPI index lower. Individual investors, by contrast, are net buying close to 4 trillion won.

As of noon on the 27th, the KOSPI index was moving around the 6,270 level, down about 0.5% from the prior trading day. The KOSPI started trading at 6,197.49, down 109.78 points (1.74%), narrowed early losses, then at one point reversed into a plunge of more than 2%.

Foreign selling is intense. As of noon, foreigners were net sellers of 4.5 trillion won on the main board, and held a selling advantage of 700 billion won in KOSPI 200 futures. If more foreign funds flow out, the one-day net selling by foreigners is expected to hit an all-time high. Pension funds are also net sellers.

The KOSPI index is displayed on an electronic board in the dealing room at Hana Bank's headquarters in Jung-gu, Seoul, on the 27th./Courtesy of News1

Only individual investors are actively net buying. At this hour, individuals are net buying 4 trillion won, while financial investment institutions are also net buying 700 billion won.

Senior researcher Kang Jin-hyeok at Shinhan Investment & Securities said, "As preference for risky assets recedes, foreign investors are dumping shares," and noted, "With large caps generally weak, stocks in the artificial intelligence (AI) value chain are showing declines."

The U.S. stock market fell the previous day, led by tech shares. Since Nvidia released its earnings, doubts have grown over whether the AI industry's growth is sustainable. Tech stocks, including Nvidia, were broadly weak, and the Nasdaq fell more than 1%.

Even as foreigners continue to dump shares, a large inflow of individual funds is keeping index losses from widening. Samsung Electronics and SK hynix, which hit record highs the previous day, are down 1% to 2%, while HANMI Semiconductor is surging after saying it will supply equipment to global clients.

Hyundai Motor, which opened lower, reversed to a surge of more than 6%. Investors are piling in after President Lee Jae-myung mentioned Hyundai Motor Group's released investment plan for Saemangeum.

The KOSDAQ index, which opened lower, reversed higher during the session. With inflows into exchange-traded funds (ETF), it is rising about 0.5%.

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