Global investors are beginning to rebuild confidence in South Korean equities after a turbulent July, with renewed interest in the country's leading semiconductor companies despite one of the sharpest market corrections in recent years. According to a Reuters report, market participants believe the worst of the leverage-driven selloff has passed, while the long-term growth outlook for major chipmakers remains intact.
The shift in sentiment was evident on Friday when foreign investors purchased a record 7.2 trillion won (around $5 billion) worth of South Korean stocks in a single trading session. The buying spree more than doubled the previous daily record and marked a significant reversal after foreigners had remained net sellers of Korean equities throughout the year.
