Korean market sees 1.7 trillion won trading volume on first day short selling resumes... 90% accounted for by foreign investors

On the 31st, the Korean stock market fully resumed short selling (borrowing and selling stocks that you do not actually own) and the size of the transaction reached a total of 1.7284 trillion won (about 176.2 billion yen), according to the Korean Exchange.
Of this, foreign investors accounted for 90% of the total trading volume, or 1.5434 trillion won, highlighting their enormous influence on the market.
The KOSPI, an emerging market stock price index, as of November 3, 2023, just before the complete ban on short selling.
Compared to the total trading value of both KOSDAQ markets (772 billion won), the figure increased by about 1 trillion won on the first day of reopening. Trading value by foreign investors increased to nearly three times the level at the time.
By market, short selling in the securities market totaled 1.301 trillion won, with a trading volume of 26,462,946 shares. By investor, foreign investors were the largest, with 1.178 trillion won.
This was followed by institutional investors with 111 billion won and individual investors with 12 billion won. The total amount of short selling on the KOSDAQ market was 427 billion won, with the trading volume being 19,123,341 shares.
Foreign investors contributed 365 billion won, followed by institutional investors at 59 billion won and individual investors at 2 billion won.
On this day, the KOSPI closed at 2481.12, down 76.86 points (3.00%) from the previous day.
The KOSDAQ index closed down 20.91 points (3.01%) to 672.85.