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Seoul's Market Surge Falters as Foreign Investors Exit Tech Holdings

South Korea's stock market rally stalled Friday as the Kospi Index surrendered gains following a spike that briefly pushed the benchmark past 8,000. The reversal highlighted the concentration risk facing the exchange, where two chipmakers dominate trading activity. International investors accelerated their exit from technology shares, erasing early momentum that had sparked optimism among traders. The selloff underscores that the market's reliance on a narrow group of large-cap stocks poses risks for overall index performance. Equity strategists have flagged this vulnerability. The pullback came despite the early milestone breach, indicating market fragility as global capital flows shift.