Herculis Gold Coin ($XAUH) @HerculisCoin Jul 9
Global equity funds sold $8 billion worth of South Korean stocks in July, averaging approximately $1.6 billion in net outflows per trading day. This follows $30 billion in capital outflows recorded in June—the largest monthly sell-off on record. Since the beginning of the year, global funds have sold more than $100 billion worth of South Korean equities. Notably, more than half of the shares sold by foreign investors have been absorbed by domestic retail investors, highlighting a significant transfer of ownership from institutional to individual investors. Meanwhile, the KOSPI Index has officially entered bear market territory, falling 23% from its peak on June 19. Recent reports emphasize that the Korean rally had become extremely concentrated: Samsung and SK hynix represented more than half of the index. Retail participation, leverage, and AI enthusiasm reached unusually high levels. Many global managers simply chose to lock in gains after a 90–120% rally. The money is not disappearing from equities—it is primarily being reallocated. The main destinations are: Japan (largest beneficiary) and U.S. equities, particularly AI and technology
