[South Koreans Hold Over 2 Stock Accounts Per Capita, Foreign Investors Sell While Retail Investors Leverage Up in Korean Stock Market] According to a report by Jinse Finance, on June 28, the South Korean stock market has recently hit record highs, with the Korea Composite Stock Price Index nearly doubling since the beginning of the year. However, just yesterday (June 26), the index plunged over 8% intraday, triggering the circuit breaker mechanism for the second time this week. Within just one week, the South Korean stock market has experienced two "roller coaster" sessions, drawing global market attention. Data shows that retail trading accounts for a very high proportion of the South Korean market. As of June 24, the total number of domestic stock trading accounts in South Korea reached 108.77 million, while the country's total population is just over 50 million, meaning each person holds more than two stock accounts on average. Additionally, a significant amount of capital has flowed into the market through highly leveraged ETFs. Last week, the Federal Reserve's hawkish shift in monetary policy directly pressured the overvalued tech sector. A report by JPMorgan indicates that foreign investors have recorded a net outflow of approximately $95 billion from the South Korean stock market so far this year. Meanwhile, retail investors have accumulated a net purchase of about $80 billion year-to-date, becoming the primary force supporting the market. This "foreign investors selling, retail investors leveraging up" pattern can easily trigger forced liquidations during market volatility, leading to partial dysfunction in the pricing mechanism. (CCTV Finance)