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Fund flows shift to Kosdaq as KOSPI takes a breather on National Growth Fund hopes

South Korea\'s Kosdaq index jumped nearly 5 percent on Thursday as foreign investors and institutions bought shares, extending foreigners\' net buying streak in the market to 6 sessions. The KOSPI rose 0.41 percent but pared gains as foreigners posted heavy net selling, with the won weakening against the dollar. Investors shifted toward Kosdaq growth and policy beneficiary stocks amid valuation 부담 in large caps, with expectations tied to the launch of a retail-participation National Growth Fund.