Foreigners Net Sell 4 Trillion Won This Month... Focused Selling on Samsung Electronics

On the 8th, KOSPI opened at 2,617.33, down 33.98 points (1.28%) from the previous trading day, as dealers were working in the Hana Bank dealing room in Jung-gu, Seoul. On the same day, the won-dollar exchange rate surpassed 1,230 won intraday for the first time in 1 year and 9 months. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Ji Yeon-jin] Foreign investors have net sold more than 3 trillion won in the domestic stock market over the past four trading days. Since the beginning of this month, the net selling amount by foreigners on the KOSPI has exceeded 4 trillion won.

According to the Korea Exchange on the 13th, foreigners net sold approximately 2.7853 trillion won in the KOSPI market from the 7th to the 11th. They also net sold about 228.3 billion won in the KOSDAQ market.

During this period, foreigners sold the most Samsung Electronics, net selling 907 billion won worth. This was followed by LG Energy Solution (283.1 billion won), SK Hynix (276.9 billion won), Samsung Electronics Preferred (191.3 billion won), and Hyundai Motor (151 billion won), concentrating net sales in this order.

On the other hand, Kakao was the most purchased with 133.7 billion won, followed by Samsung Engineering (91.5 billion won), SK Telecom (32.8 billion won), LG Innotek (30.6 billion won), and Krafton (27.2 billion won) in terms of net buying scale.

During the same period, individuals net bought 3.5509 trillion won, while institutions net sold about 654.4 billion won.

Since the beginning of this month, the soaring prices of crude oil and other raw materials have triggered concerns about economic slowdown due to the US tightening measures, sharply cooling global investment sentiment. As the Ukraine war shows signs of prolongation and fears of continued raw material price surges spread, not only foreigners but also institutional investors have continued to sell.

Shin Seung-jin, a researcher at Samsung Securities, said, "Concerns about stagflation are limiting market gains, and from a performance perspective, the rise in oil and raw material prices and increased logistics costs are widely feared to damage the profits of our companies," adding, "Active risk management and flexible stock selection are expected to enhance portfolio performance."

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