Finance
Foreign ownership and retail cash reach record highs in South Korean stocks, raising correction fears
South Korean stocks keep setting record highs, with foreign investors’ market-cap ownership and retail investor deposits both reaching all-time peaks, stoking concerns about overheating and a short-term correction. The KOSPI and Kosdaq ended at fresh records. In the Kosdaq, institutional buying over four days was largely driven by retail purchases of related ETFs, analysts said. Margin lending also rose to a record, seen as a potential risk in a downturn.
