NPS could sell up to W74tr in stocks if Kospi tops 9,000

South Korea's National Pension Service could sell as much as 74 trillion won ($47.9 billion) of domestic equities if the Kospi rises above 9,000, according to estimates from South Korea's financial investment industry.

Potential selling could climb to 121 trillion won, should the benchmark index reach 10,000 points.

The estimates come as foreign and retail investors have turned net sellers after the market's sharp rally.

According to South Korea's financial investment industry on Friday, domesti ...