South Korea’s equity market has seen AI-driven buying evaporate: market turnover is down about 70% from a late‑May peak as foreign investors accelerate withdrawals and domestic retail selling intensifies. The reversal reflects heavy concentration in Samsung Electronics and SK Hynix. Phillip Wool, portfolio manager at Rayliant Global Advisors, said his fund has been taking profits on Korean AI names and is underweight SK Hynix and Samsung. Julius Baer’s Richard Tang said capital is rotating back

2026-10-11

South Korea’s equity market has seen AI-driven buying evaporate: market turnover is down about 70% from a late‑May peak as foreign investors accelerate withdrawals and domestic retail selling intensifies. The reversal reflects heavy concentration in Samsung Electronics and SK Hynix. Phillip Wool, portfolio manager at Rayliant Global Advisors, said his fund has been taking profits on Korean AI names and is underweight SK Hynix and Samsung. Julius Baer’s Richard Tang said capital is rotating back into US equities, prompting sustained foreign outflows from Korean stocks. UBS Global Wealth Management’s Chun‑Lai Wu said the firm prefers Taiwan equities for AI exposure, citing a more complete hardware ecosystem and stronger capex plans among major tech companies.