Foreigners Turn Net Buyers in 5 Weeks... Both KOSPI and KOSDAQ See 'Buying'

[Asia Economy Reporter Song Hwajeong] Foreign investors have returned to a 'buying' trend in the domestic stock market after 5 weeks. Both the KOSPI and KOSDAQ recorded net purchases for the first time in a while.

According to the Korea Exchange on the 7th, foreign investors net purchased approximately 434.4 billion KRW in the domestic stock market during the week from the 1st to the 5th. They bought 243.5 billion KRW in the KOSPI market and 190.9 billion KRW in the KOSDAQ market, respectively.

The stock most purchased by foreign investors last week was Samsung Electronics. Foreign investors net bought Samsung Electronics for 246.3 billion KRW last week. This was followed by Celltrion, which they purchased for 165.1 billion KRW. Other net purchases included LG Chem (106.9 billion KRW), Samsung Biologics (51.8 billion KRW), Hyundai Motor (46.7 billion KRW), Celltrion Pharm (32.9 billion KRW), Shinhan Financial Group (28.3 billion KRW), Hotel Shilla (27.2 billion KRW), Amorepacific (27.0 billion KRW), and Fila Holdings (26.8 billion KRW).

The stock most sold by foreign investors last week was Naver (NAVER). Foreign investors net sold Naver for 105.8 billion KRW last week. This was followed by Celltrion Healthcare, which they sold for 48.7 billion KRW. Other top net sales by foreign investors included KB Financial Group (45.3 billion KRW), Samsung SDI (44.2 billion KRW), LG Household & Health Care (42.6 billion KRW), Samsung Heavy Industries (39.4 billion KRW), Korea Financial Group (38.5 billion KRW), KT&G (36.4 billion KRW), Lotte Chemical (33.1 billion KRW), and Mirae Asset Daewoo (31.3 billion KRW).

Expectations for the return of foreign investors are gradually increasing. Kim Hujeong, a researcher at Yuanta Securities, said, "The net selling by foreign investors that lasted for more than two months has shown signs of change since the end of May," adding, "As the KOSPI surpassed the 2100 level, net buying by foreign investors has appeared, which is due to the slowdown in the spread of the novel coronavirus infection (COVID-19), increasing expectations for economic reopening, and the weakening of the dollar." Researcher Kim added, "The expansion of liquidity through subsidies by countries worldwide for economic normalization also positively affected foreign investor demand."

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