This is now an everyday story in Korea. How does any institution trade these daily 10% moves? Kospi closed 8.2% higher as retail investors started off the day as dip-buyers, but quickly turned as net sellers intraday to profit-take on the index rebound. local instos ended as sole net buyers with buying heavily concentrated in Tech (+$1.6bn) and foreign investors extended their 22-day net selling streak (selling heavily focused in Tech -$1.2bn). SK HYNIX +15.9% and Samsung Electronics +9.0% rallied to lead the index strength on quieter intraday headlines, while Nvidia-related beneficiaries (i.e. NAVER(035420) -7.9%, LGE(066570) -7.5% who recently saw a rally on optimism around collaborations with Nvidia) traded weaker.(zerohedge)