Foreigners Bet 3 Trillion Won on Chips, KOSPI Up 2.42% — I Just Watched

KOSPI jumped 2.42% today, and honestly that tracks — foreigners poured in 3.04 trillion won in a single session. Hopes that AI demand is finally coming back sent that money straight into chips, with Samsung Electronics and SK Hynix hauling the whole index up, and the story got extra juice when word came that the US commerce secretary told Apple flat out not to buy Chinese-made memory chips — suddenly Korean memory makers look like the obvious beneficiary. Institutions sold off 1.03 trillion won, clearly locking in gains, but that wasn't nearly enough to slow the foreign wave. KOSDAQ told a different story though — both foreigners and institutions were net sellers there, so it only eked out 0.38%, and with copper/minerals and discretionary names looking soft, it's pretty clear this rally stayed concentrated in chips, cloud, and energy rather than spreading wide. Rates and credit conditions are sitting in a friendly spot and the overall mood feels calm rather than frantic, so my read is today's pop isn't just noise — it looks more like the setup for the chip rally to keep running, and I'm curious which sector foreign money rotates into next. Still, I didn't touch anything today — just watching from the sidelines for now.