According to the brokerage research report, foreign investors continue to sell South Korean stocks, and the sell-off trend has yet to ease. However, a series of events from the end of this month to mid-November may be a turning point for the return of foreign capital. The financial reports of the two major memory chip giants, the US midterm elections, changes in the Middle East situation, and the listing of AI company Anthropic are seen as core variables that may reverse market sentiment. According to data from the Korea Exchange on the 14th, as of the previous trading day, foreign investors had accumulated net sales of 203.6977 trillion won in the main board market of the Korea Composite Index this year. Among them, Samsung Electronics and SK Hynix alone received a net sale of about 176 trillion won, accounting for 86% of the total foreign sell-off. Samsung Electronics' foreign shareholding ratio fell to an 18-year low since 2008; SK Hynix's foreign shareholding ratio also fell below the ten-year average. The withdrawal of foreign capital in this round is the core driver of the KOSPI index's decline. Increased geographical risk in the Middle East, OpenAI's annual revenue dispute, and concerns raised by the increasing competitiveness of foreign companies are compounding multiple factors to suppress the market. KOSPI fell to an intraday low of 5911.11 points on the 13th, falling below the 6,000 mark for the first time since July 31.

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