Foreigners, 'Palja' for 2 Consecutive Weeks... 9 Trading Days of Continuous Net Selling

[Asia Economy Reporter Song Hwajeong] Foreign investors continued their selling streak in the domestic stock market for the second consecutive week.

According to the Korea Exchange on the 22nd, foreign investors sold a net total of approximately 1.31 trillion KRW in the domestic stock market during the week from the 17th to the 20th. Foreigners sold 1.2067 trillion KRW in the KOSPI market and 103.1 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 247.8 billion KRW last week. This was followed by KakaoBank with a net purchase of 192.9 billion KRW. Other net purchases included LG Chem (130 billion KRW), Samsung Biologics (82.4 billion KRW), Kakao (65.4 billion KRW), Samsung SDI (59.7 billion KRW), Krafton (57.5 billion KRW), EcoPro BM (37.2 billion KRW), Pan Ocean (32.3 billion KRW), and Naver (NAVER·30.9 billion KRW).

The stock most sold by foreign investors last week was Samsung Electronics. Foreign investors net sold Samsung Electronics for 1.561 trillion KRW last week. This was followed by Samsung Electronics Preferred shares with sales of 147.7 billion KRW. Other top net sales included Hyundai Motor (67.5 billion KRW), POSCO (POSCO·62.9 billion KRW), SK Innovation (60.1 billion KRW), Lotte Rental (49.1 billion KRW), Samsung Electro-Mechanics (46.1 billion KRW), Celltrion Healthcare (31.8 billion KRW), SK Telecom (31.6 billion KRW), and LG Innotek (30.2 billion KRW).

Kim Younghwan, a researcher at NH Investment & Securities, said, "Although the scale of foreign selling narrowed compared to the previous week, foreigners reduced their holdings of cyclical stocks within the KOSPI, including semiconductors," adding, "This indicates that from the perspective of foreign investors, the Korean stock market is a momentum stock market sensitive to export-driven economic fluctuations." Researcher Kim added, "This week, a large amount of soft data based on August surveys will be released, including Eurozone Manufacturing PMI, US Manufacturing PMI, Eurozone Consumer Confidence Index, and the University of Michigan Consumer Sentiment Index final figures, which are generally expected to decline compared to the previous month," and "In a situation where concerns about early tapering (asset purchase reduction) in the US are emerging, the stock market may interpret poor indicators positively, which is expected to have the effect of calming a short-term sharp decline in the stock market."

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