Foreigners, 'Lion' for 3 Consecutive Weeks... Semiconductor Net Buying Continues

[Asia Economy Reporter Song Hwajeong] Foreign investors continued their buying spree in the domestic stock market for three consecutive weeks. They maintained their purchases of semiconductors such as Samsung Electronics and SK Hynix.

According to the Korea Exchange on the 22nd, foreign investors net purchased about 1.5051 trillion KRW in the domestic stock market during the week from the 16th to the 20th. They bought 1.093 trillion KRW in the KOSPI market and 411.9 billion KRW in the KOSDAQ market, respectively.

The stock most purchased by foreign investors last week was SK Hynix. Foreign investors net bought SK Hynix for 469.3 billion KRW last week. This was followed by Samsung Electronics, which they bought for 322.6 billion KRW. Other stocks net purchased included LG Chem (213 billion KRW), Amorepacific (162 billion KRW), Hyundai Motor (47.2 billion KRW), Kakao (42.7 billion KRW), Hana Financial Group (36.9 billion KRW), SK Biopharm (36.3 billion KRW), Doosan Heavy Industries & Construction (36 billion KRW), and Hyundai Mobis (35.3 billion KRW).

The stock most sold by foreign investors last week was Samsung Electronics Preferred shares. Foreign investors net sold Samsung Electronics Preferred shares for 286.8 billion KRW last week. This was followed by Kia Motors, which they sold for 119.6 billion KRW. Other stocks in the top foreign net sales included United Pharm (33.9 billion KRW), Samsung Fire & Marine Insurance (33.5 billion KRW), Genexine (32.6 billion KRW), Korean Air (27.7 billion KRW), Korea Electric Power Corporation (23.2 billion KRW), SK Telecom (21.1 billion KRW), LG Household & Health Care (19.4 billion KRW), and Green Cross Holdings (19.3 billion KRW).

Under the leadership of foreign investors' supply and demand, the index is expected to gradually rise. Seojung Hoon, a researcher at Samsung Securities, analyzed, "The recent domestic stock market's main characteristic is repeating fluctuations within a narrow range while taking a breather," adding, "This represents the optimal development pattern for continuing the upward trend, and the background is the foreign investors' buying spree." Researcher Seo added, "Considering the continued inflow of funds into emerging funds and the spread of positive views on the Northeast Asian market, which has achieved meaningful control over the novel coronavirus infection (COVID-19), the foreign investors' buying spree is likely to continue."

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