블랙록 '코리아ETF'서 사상 최대 자금 유출…AI주 급등 속 차익실현

Record outflows from BlackRock's Korea ETF amid the strongest KOSPI rally in years reveal investor concerns about excessive concentration and overheating despite sound fundamentals in memory chips and AI demand. The divergence between index gains (75% YTD) and declining individual stock breadth signals that the rally is momentum-driven rather than broad-based, creating vulnerability to correction. With short sellers positioning for downside, this represents a critical inflection point where fundamental strength may not protect against technical reversals.