Foreigners Turn Net Buyers After 6 Weeks... Continued Selling in KOSDAQ

[Asia Economy Reporter Song Hwajeong] Foreign investors have turned to a 'buying' trend in the domestic stock market for the first time in six weeks. While they returned to buying in the KOSPI market, they continued selling in the KOSDAQ market.

According to the Korea Exchange on the 19th, foreign investors net purchased about 327.4 billion KRW in the domestic stock market during the week from the 13th to the 17th. They bought 371.2 billion KRW in the KOSPI market but sold 43.7 billion KRW in the KOSDAQ market.

The stock most bought by foreign investors last week was Samsung Electronics. Foreign investors net purchased 498 billion KRW worth of Samsung Electronics last week. This was followed by Hyundai Motor with 144.5 billion KRW bought. Other net purchases included LG Electronics (97.2 billion KRW), Seegene (51.7 billion KRW), Kumho Petrochemical (42.0 billion KRW), LG Household & Health Care (39.2 billion KRW), Kia Motors (33.3 billion KRW), Amorepacific (26.0 billion KRW), Samsung Electro-Mechanics (25.1 billion KRW), and Hana Financial Group (22.9 billion KRW).

The stock most sold by foreign investors last week was Naver (NAVER). Foreign investors net sold 119 billion KRW worth of Naver last week. This was followed by SK Hynix with 103.6 billion KRW sold. Other top net sales included LG Chem (96.7 billion KRW), Kakao (89.8 billion KRW), SK Biopharm (77.8 billion KRW), SK Telecom (68.7 billion KRW), Samsung Biologics (68.7 billion KRW), Korea Electric Power Corporation (31.9 billion KRW), NCSoft (28.0 billion KRW), and HLB (24.7 billion KRW).

Last week, as the KOSPI surpassed the 2200 mark and recovered to pre-COVID-19 levels, the overall momentum of the stock market's rise weakened. Kim Younghyun, a researcher at NH Investment & Securities, analyzed, "For further market gains, a US congressional stimulus package is necessary, but the gap between the Republican and Democratic parties remains wide. The weakening expectations for Chinese consumption and uncertainties surrounding additional US stimulus measures will act as factors that dampen risk asset investment sentiment." He added, "From an industry perspective, considering the potential weakening momentum of stocks that saw large gains since July, I recommend a barbell strategy combining growth stocks and cyclical stocks."

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