KOSPI Fear Gauge Jumps to Record Levels as Foreigners Sell for Fifth Day

On the morning of the 13th, the KOSPI showed signs of taking a breather after moving close to the 8,000 level, while the so-called Korean fear index climbed to record levels. The index traded around 75.00, up about 7% from the previous day, and surged as high as 79.10 during the session. The original report noted that volatility indicators jumped as the stock market paused after a rapid rise. Foreign investors continued net selling for a fifth consecutive trading day, adding to market pressure. The KOSPI’s next direction is being watched alongside the index’s gains, rising volatility and foreign investor flows. Source: mk.co.kr