Foreigners Hold 'Palja' for 3 Consecutive Weeks... LG Chem Accumulates the Most for 2 Consecutive Weeks

[Asia Economy Reporter Song Hwajeong] Foreign investors have continued a three-week selling streak in the domestic stock market.

According to the Korea Exchange on the 17th, foreign investors net sold approximately 1.2516 trillion KRW in the domestic stock market during the week from the 12th to the 15th. Foreign investors sold 1.3929 trillion KRW in the KOSPI market, while they purchased 141.3 billion KRW in the KOSDAQ market.

The stock most purchased by foreign investors last week was LG Chem. Foreign investors net bought LG Chem for 293.7 billion KRW last week, marking the second consecutive week it was the most accumulated stock. Following that, they purchased SK Hynix for 102.6 billion KRW. Other net purchases included Hanwha Solutions (77 billion KRW), Kia (61.3 billion KRW), SK Innovation (60.6 billion KRW), SK Chemicals (54.8 billion KRW), HYBE (37.2 billion KRW), EcoPro (36.5 billion KRW), Cheonbo (33.5 billion KRW), and DPC (31.5 billion KRW).

The stock most sold by foreign investors last week was Samsung Electronics. Foreign investors net sold Samsung Electronics for 1.4859 trillion KRW last week. They also sold Samsung SDI for 102.1 billion KRW. Other top net sales included Samsung Electronics Preferred Shares (81.4 billion KRW), Korea Zinc (55.9 billion KRW), EcoPro BM (49.7 billion KRW), Samsung Electro-Mechanics (46.8 billion KRW), POSCO Chemical (38.2 billion KRW), Hana Financial Group (35 billion KRW), Korea Electric Power Corporation (33.8 billion KRW), and LG Display (32 billion KRW).

The KOSPI is expected to remain in a trading range for the time being. Kim Younghwan, a researcher at NH Investment & Securities, said, "The stock market needs to overcome two waves. First, the Federal Reserve's tapering (asset purchase reduction) must materialize and be reflected once in the financial markets. Next, as cost factors such as energy prices and freight charges are removed from inflation, it must be confirmed whether actual inflation requires the Fed's early tightening." He added, "After confirming these two factors, expectations for manufacturing sector improvement due to supply chain recovery and acceleration of global economic recovery from COVID-19 treatments will rise, allowing the stock market to seek a strong rebound. Therefore, for now, I maintain the outlook that the KOSPI will continue to trade within a range."

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