Foreign investors and Korean retail traders are trading in completely opposite directions.
The KOSPI index surged 17.91% on July 31, marking the largest single-day gain in history.
Foreign investors saw a record net purchase of 7.24 trillion won ($5 billion).
Retail investors recorded a record net sell-off of 8.27 trillion won, exiting after the crash by capitalizing on the rebound.
This follows a record sell-off of 49.34 trillion won ($33.8 billion) by foreign investors in June, marking their sixth consecutive month of selling.
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