Foreigners Sell Domestic Stocks for 3 Consecutive Weeks This Month... Will They Switch to Buying?
[Asia Economy Reporter Ji Yeon-jin] Foreign investors have continued to sell net in the domestic stock market for three consecutive weeks this month.
According to the Korea Exchange on the 20th, foreign investors sold a net amount of 916.4 billion KRW worth of domestic stocks over five trading days last week (14th to 18th). Although the scale of net selling has decreased compared to the previous four trading days from the 7th, when they sold more than 3 trillion KRW, the selling trend continues.
The stock most heavily net sold was LG Energy Solution, with net sales worth 505.8 billion KRW, followed by Samsung Electronics (307.4 billion KRW), Amorepacific (148.5 billion KRW), Samsung SDI (116.1 billion KRW), and LG Chem (101.1 billion KRW).
On the other hand, SK Hynix was the most net bought stock at 178.9 billion KRW, followed by LG Innotek (118.6 billion KRW), AhnLab (93.7 billion KRW), Kakao (80.6 billion KRW), and Korea Zinc (62.7 billion KRW).
Meanwhile, during this period, institutions net bought stocks worth 917.5 billion KRW, and individuals net bought stocks worth 178 billion KRW.
Jinwoo Lee, a researcher at Meritz Securities, said, "The possibility of a dramatic shift to net buying in the short term appears low, but the likelihood of easing selling pressure is expected to be high," adding, "The foreign ownership ratio of representative companies that experienced concentrated selling has fallen to levels comparable to the financial crisis or the lowest since then, and the outflow of U.S.-based funds, which led the selling since 2020, has eased."
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He also added that in the semiconductor sector, SK Hynix rather than Samsung Electronics, and in the secondary battery sector, the trend of increasing weights centered on the top two companies has been observed, so it is difficult to interpret this as a reduction in overall exposure to the Korean market.
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