[Featured Stock] LG Chem Plummets 5% Amid Foreigners' Massive Sell-Off
[Asia Economy Reporter Lee Seon-ae] LG Chem's stock price is falling amid a selling spree by foreign investors.
As of 11:15 AM on the 3rd, LG Chem's stock price is recorded at 789,000 KRW, down 5.05% compared to the previous trading day. During the session, it dropped to 780,000 KRW, showing a sharp decline.
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The decline in stock price is interpreted as being driven by concentrated selling from foreign investors. At this time, foreign investors have a net selling position of approximately 19.7 billion KRW. They have been on a net selling streak for the past three trading days. The market capitalization ranking on the KOSPI has fallen two places from 4th to 6th in just one day.
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