🔴 KOSPI 100 ETF (237350.KS) is trading 3.4% down amid October 20 KOSPI selloff

237350.KS is trading at KRW 71,155, up 3.39%; the cause of the ETF’s rise is unverified.

• The reported October 20 KOSPI session was down, driven by foreign and institutional net selling, growing doubts about AI investment profitability, and pressure on major semiconductor shares.
• Foreign investors sold KRW 522 billion and institutions KRW 956 billion in KOSPI stocks; Samsung Electronics and SK Hynix fell 2.98% and 4.23%, respectively.