Heavy Outflows From Kospi and Semiconductor ETFs Amid Slump Expectations

As the Kospi fell back below the 7,000 mark today (the 28th) following the Chuseok holiday, a massive amount of capital has reportedly flowed out of exchange-traded funds (ETFs) tracking domestic stock indices and semiconductor stocks over the past week.

According to Koscom ETF Check, the ETF with the largest net capital outflow from the 18th to the 23rd was "KODEX 200," which tracks the performance of the Kospi 200 index.

The product saw a net outflow of 219.9 billion won during this period.

A similar product, "TIGER 200," ranked second with -140.4 billion won.

Additionally, products tracking the returns of the Kospi and Kosdaq, such as "KODEX Kosdaq 150 Leverage" (3rd, -111 billion won) and "KODEX Leverage" (6th, -72.4 billion won), were included in the top 10 for net capital outflows.

Large sums of money also pulled out of products incorporating major semiconductor stocks.

"KODEX Semiconductor" (4th, -101 billion won), "TIGER Samsung Electronics Single Stock Leverage" (5th, -97.4 billion won), "KODEX SK hynix Single Stock Leverage" (7th, -64.7 billion won), "SOL AI Semiconductor TOP2 Plus" (9th, -51.9 billion won), and "TIGER 200 IT" (10th, -40.1 billion won) made the upper ranks for net capital outflows.

In contrast, ETFs that experienced large net capital inflows over the week were mostly products tracking the performance of major U.S. indices.

Six out of the top 10 products by net capital inflow were tallied as ETFs tracking major U.S. indices.

"TIGER US S&P500" (2nd, 85 billion won), "KODEX US Nasdaq 100" (3rd, 65.4 billion won), "KODEX US S&P500" (4th, 65.4 billion won), "TIGER US Dividend Dow Jones" (6th, 47.8 billion won), "TIGER US Nasdaq 100 Target Daily Covered Call" (8th, 43.3 billion won), and "TIGER US Philadelphia Semiconductor Nasdaq" (10th, 42.2 billion won) fell into this category.

On this day, the Kospi closed at 6,889.74, down 191.18 points (2.70%) from the 23rd, the trading day immediately preceding the Chuseok holiday.

Reversing to a decline after five trading sessions, it fell below the 7,000 threshold for the first time in four trading sessions.

Samsung Electronics and SK hynix plummeted by 5.08% and 5.05%, respectively.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.