Foreigners, 7 Consecutive Weeks of 'Palja'... Buying Celltrion, Selling Samsung Electronics

[Asia Economy Reporter Song Hwajeong] Foreign investors have continued their 'selling' trend for seven consecutive weeks.

According to the Korea Exchange on the 29th, foreign investors sold a net total of approximately 2.293 trillion KRW in the domestic stock market during the week from the 23rd to the 27th. They sold 1.9608 trillion KRW in the KOSPI market and 332.3 billion KRW in the KOSDAQ market, respectively.

The stock most purchased by foreign investors last week was Celltrion. Foreign investors net bought Celltrion by 275 billion KRW last week. This was followed by SK Hynix, which they bought for 52.2 billion KRW. Other net purchases included Amorepacific (26.1 billion KRW), Pearl Abyss (24.5 billion KRW), Samsung C&T (24.2 billion KRW), Netmarble (22.7 billion KRW), Celltrion Healthcare (18.4 billion KRW), Bukwang Pharmaceutical (12 billion KRW), Macquarie Infrastructure (11 billion KRW), and NAVER (9.8 billion KRW).

The stock most sold by foreign investors last week was Samsung Electronics. Foreign investors net sold Samsung Electronics by 476.2 billion KRW last week. This was followed by Hyundai Motor, which they sold for 147.2 billion KRW. Other top net sales included Hyundai Mobis (99.9 billion KRW), LG Household & Health Care (172.4 billion KRW), SK Telecom (82.3 billion KRW), Hana Financial Group (74.3 billion KRW), Kia Motors (72.8 billion KRW), Shinhan Financial Group (65.6 billion KRW), Samsung Electronics Preferred Shares (62.5 billion KRW), and LG Chem (61.9 billion KRW).

It is analyzed that dollar stability is necessary to ease foreign investors' net selling. Kim Byung-yeon, a researcher at NH Investment & Securities, said, "Measures by the U.S. Federal Reserve (Fed) to ease liquidity tightening and the approval of fiscal policy by the U.S. Congress acted as factors to alleviate fear and allowed a rebound." He added, "Although the high-yield spread, TED spread (the difference between the 3-month U.S. Treasury yield and LIBOR), and the dollar index have eased compared to their peaks, their levels are still not low, leaving concerns about credit risk." Researcher Kim also noted, "The Emerging Market Economy (EME) dollar index has risen 7.6% since March, and further easing of this indicator will be a trigger for additional rises and easing of foreign investors' net selling."

This content was produced with the assistance of AI translation services.