dailypro2020

South Korea's benchmark KOSPI index achieved a historic milestone on May 15, 2026, briefly surpassing the 8,000-point level for the first time ever during intraday trading, reaching as high as 8,046.78 . However, the rally proved short-lived as a massive wave of foreign investor selling triggered what analysts are calling 'Black Friday,' sending the index into a freefall that wiped out over 6% of its value by the close. I've been writing about market structure risk in Korean equities for months, and the post-8,000 crash confirmed my biggest concern: the rally was too narrow. My view is that the 31 trillion won foreign exodus wasn't a panic — it was a pre-programmed de-risking event. Institutional algorithms hit sell thresholds the moment the momentum indicators flipped, and the lack of domestic institutional buyers (thanks to the NPS being overweight already) meant there was no natural bid to absorb the flow. The Crash: From 8,000 to 7,493 in Hours The...