Overseas investors sold more than $3 billion worth of South Korean stocks this week, following a record $13.7 billion sell-off last month.

as Iran's blockade of the Strait of Hormuz triggers a global energy supply crisis, traders are increasingly worried about potential inflation risks and are rapidly withdrawing from the frenzy of artificial intelligence trading. Overseas investors sold off more than $3 billion worth of South Korean stocks this week, following a record $13.7 billion sell-off last month. Taiwan was also heavily sold off, with a scale of $3.6 billion, and the Taiwan stock market is expected to set the largest weekly capital outflow record since the end of December last year. Matthew Haupt, portfolio manager at Wilson Asset Management in Sydney, said that as the situation in Iran deteriorates, investors are scrambling to reduce market risk exposure. This wave of sell-offs is mainly concentrated in AI-related stocks because the market still doubts whether the industry's large-scale capital expenditure plans will ultimately generate sufficient profits.