In a sign of ‌the shift in mood, a record rally on Friday showed foreigners, who have been net sellers of South Korean shares all year, turned buyers of 7.2 trillion won ($5 billion) worth ‌of stock, more than double the previous one-day record. The sanguine mood contrasts with anger among domestic retail traders, burned by a roughly 40% drawdown from a peak in June. "This was a leverage event, not an earnings event," said Steve Lawrence, chief investment officer of U.S.-based Balfour Capital Group. Shares in rival SK Hynix have followed a similar pattern, with both rebounding sharply in ⁠a volatile session on Friday. Average allocations to South Korea by active global emerging market funds rose sharply over 18 months but flattened in June, as volatility spiked, figures from analytics firm EPFR show.