Foreigners Switch 'Destiny' in 3 Weeks... Buying SK Group Stocks

[Asia Economy Reporter Song Hwajeong] Foreign investors have turned to net selling in the domestic stock market for the first time in three weeks.

According to the Korea Exchange on the 21st, foreign investors net sold about 716.6 billion KRW in the domestic stock market during the week from the 15th to the 19th. They sold 678.7 billion KRW in the KOSPI market and 37.7 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 worth 380.1 billion KRW last week. Next, they purchased LG Chem for 170.7 billion KRW. In addition, they net bought SK Telecom (95.6 billion KRW), SK Innovation (73.3 billion KRW), SK (64.3 billion KRW), Classys (61.7 billion KRW), Korea Financial Group (45.3 billion KRW), Soulbrain (43.8 billion KRW), HMM (42.9 billion KRW), and Shinsegae (32.7 billion KRW).

The stock most sold by foreign investors last week was Samsung Electronics. Foreign investors net sold Samsung Electronics worth 220.4 billion KRW last week. Following that, they sold LG Electronics for 139.2 billion KRW. Other top net sold stocks by foreign investors included Kia Motors (114.0 billion KRW), Hyundai Mobis (84.8 billion KRW), Samsung Electronics Preferred Shares (81.5 billion KRW), Hyundai Motor (73.6 billion KRW), DB HiTek (58.2 billion KRW), KT&G (51.5 billion KRW), LG Household & Health Care (48.2 billion KRW), and Green Cross (47.6 billion KRW).

It is analyzed that the influence of foreign investors' supply and demand has expanded as individual investors' buying momentum has slowed recently. Choi Yujun, a researcher at Shinhan Financial Investment, said, "As the 3200 level acted as resistance and individual investors turned cautious, the influence of foreign investors' supply and demand has expanded since mid-January," adding, "On days when foreign investors net bought, the market rose, and on days when they net sold, it fell repeatedly."

There is an analysis that more time is needed for foreign investors to switch to net buying. Researcher Choi explained, "The main variables for foreign investors' inflow are exchange rates and earnings growth, but for the time being, other countries are expected to keep pace in terms of earnings forecast improvements and stock price increases, so it will take more time for foreign investors' net buying to continue as a trend."

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