The firm said foreign investors purchased about 7.2 trillion won of Kospi equities on July 31, which "would be the biggest single-day net purchase on record." Citi noted that foreign investors' monthly net selloff had moderated sharply to 9.8 trillion won in July, from 48.4 trillion won in June and 44.5 trillion won in May, adding that fund flows into the market and related passive ETFs have accelerated since mid-July. On pensions, the firm said Korean pension funds bought 1.0 trillion won of Kospi equities in July, reversing outflows in prior months. Citi's equity research team maintained a Kospi target of 10,000, citing solid memory-sector fundamentals and attractive valuations. Related articlesCiti says investors have shifted to 'buy-the-dip' mode on KospiTech specialist explains why China memory fears are overblownEuropean shares rise on AI optimism, set for fourth straight month of gains