"First sell KOSPI, and temporarily observe from the sidelines for a while"... The global market sentiment conveyed by foreign securities firms Foreign investors are aggressively selling Korean stocks. It is said that their strategy is to first lock in profits and then temporarily remain on the sidelines. Additionally, these investors had previously anticipated that the Korean stock market would show a "strong first half, weak second half" trend this year, accompanied by a technical correction. Since the beginning of this year, foreign capital has cumulatively net sold 27 trillion won in KOSPI. According to data from Yonhap Infomax trading (screen number 3302), as of the 4th, foreign investors had cumulatively net bought since the beginning of the year until January 30, but from February 2 to now, they have turned to cumulative net selling. The cumulative net selling scale this year has approached 27 trillion won. It is noteworthy that on February 27 and March 3, amid rising tensions in the Middle East and the outbreak of conflict, foreign capital net sold approximately 7 trillion won and 5 trillion won, respectively. A representative from a foreign securities firm stated: "Foreign investors are locking in profits and reducing risk exposure." His explanation is that leading stocks, including Samsung Electronics and SK Hynix, had previously seen significant gains, and foreign capital views the Middle East crisis as a catalyst for profit-taking. Under the intense selling by foreign capital, KOSPI has fallen for two consecutive days. The index, which broke through 6300 points at the end of last month, has now sharply dropped to 5386 points. The narrative circulating in the foreign capital circle of "strong first half, weak second half" The individual also stated that the foreign capital's thought is "first sell, then observe." The notion that this year's Korean stock market may show a "strong first half, weak second half" has already spread widely among global investors. In addition, some foreign capital holds a neutral view on the Korean market. This means that, in their global stock portfolio, they are unwilling to overweight Korean stocks relative to the benchmark index. This securities firm representative stated: "For a long time, many institutions actually do not hold Korean stocks. Although it is difficult to generalize, there is indeed such a situation globally—investors participate in technology themes through other channels and only enter the Korean market much later." Foreign capital has actually long anticipated a correction in KOSPI. In fact, some foreign investors had already foreseen that KOSPI might experience adjustments. ...