#kosdaq

KOSDAQ surged 4.99% to 1,161.13 on May 22, triggering a program-trading buying sidecar for the second consecutive session just 33 minutes after the open. The South Korean government's National Participation Growth Fund, channeling capital into advanced-tech KOSDAQ names, drove KRW 593.3 billion in foreign net buying on the day and pushed cumulative foreign inflows to approximately KRW 2.7 trillion over six consecutive sessions this month.

Foreign investors sold a net ₩7.34 trillion from Korean equities on May 19, extending their streak to nine consecutive sessions of net selling and pushing total outflows past ₩48 trillion since May 7. The KOSPI fell 3.25% to 7,271.66 — intraday the index shed as much as 4.98% — dragged by semiconductor sector weakness after Micron ($MU) shed 5.95% and SanDisk ($SNDK) 5.3% in New York overnight. Hyundai Motor (005380.KS) led large-cap declines with an 8.9% drop.