00:02Three numbers before the open
00:062 trillion won
00:1015.91%
00:1312.51 points
00:16Retail investors turned net buyers of Cosdac last month after two months of selling
00:21Foreigners went the other way, dumping more than 1.8 trillion won
00:26And Cosdac beat Cosby by the widest monthly margin in nearly nine years
00:31It's Wednesday, September 2nd
00:34Here's what investors are watching in Korea today
00:38Retail money had been leaving the Cosdac for most of this year
00:41That reversed in August, just as foreign investors rotated out
00:45The result was a handover of ownership rather than a drop in prices
00:49Here's what the numbers show
00:51Individual investors net bought 2.1582 trillion won of Cosdac shares in August
00:58Roughly $1.57 billion
01:01After 1.5910 trillion won in June
01:05And just 79.3 billion won in July
01:09Foreign investors sold more than 1.8 trillion won
01:13About $1.31 billion in August
01:16Extending a 333.5 billion won net sale from July
01:22Cosdac closed August at 834.29
01:26Up 15.91% for the month
01:29Cosby rose 3.40% over the same period
01:33Leaving Cosdac ahead by 12.51 percentage points
01:37That is the widest monthly outperformance since November 2017
01:42When the gap was 12.98 percentage points
01:45A span of about eight years and nine months
01:48Separately, Merit Securities launched MOUM
01:52A retail platform pairing Weeble's Vega AI with news, disclosure, and trading in one screen
01:59So what does this mean for market followers tracking Korea today?
02:03Earlier, we said this was a handover rather than a sell-off
02:07Here's what that actually means for you
02:09A rally carried by domestic retail flows
02:12Tends to be more sensitive to sentiment than one backed by institutional allocation
02:16The Cosdac premium is now large enough that any reversal in retail appetite
02:21Shows up in the index before it shows up in earnings
02:25Watch September retail net buying to see whether August was a turn or a single month
02:30Watch whether foreign selling continues into the third straight month
02:34Watch the Cosdac-Cosby spread narrowing back toward its long-run average
02:39That's today's AI Prism, Securities Daily
02:43This episode was produced with AI assistance based on Seoul Economic Daily reporting
02:48And reviewed by a human editor
02:50AI Prism is a Juan Efra award-winning series
02:54We'll be back tomorrow
02:55We'll be back tomorrow
02:57We'll be back tomorrow
