Foreigners Switching to 'Buy Korea' Bought 2.2 Trillion KRW of Samsung Electronics Last Week

[Asia Economy Reporter Ji Yeon-jin] Foreign investors turned to net buying in the domestic stock market last week for the first time this month.

According to the Korea Exchange on the 27th, foreign investors net purchased domestic stocks worth 303.1 billion KRW from the 21st to the 25th. They net bought 337.8 billion KRW in the KOSPI market, while net selling about 35.1 billion KRW in the KOSDAQ market.

Foreign investors had been offloading stocks since last month when Russia's invasion of Ukraine began, maintaining a net selling trend for three consecutive weeks this month before recording net buying dominance last week.

The top stock purchased by foreign investors last week was Samsung Electronics, with net purchases worth 443.9 billion KRW. This was followed by LG Energy Solution (166.8 billion KRW), LG Innotek (126.8 billion KRW), Samsung SDS (122.1 billion KRW), and L&F (75.2 billion KRW).

On the other hand, Celltrion was the most net sold stock (-2.557 trillion KRW), followed by SK Hynix (-1.818 trillion KRW), Celltrion Healthcare (-1.3356 trillion KRW), Samsung Electronics Preferred Shares (-94.1 billion KRW), and Naver (NAVER, -79.1 billion KRW).

During this period, institutions net sold stocks worth about 1.727 trillion KRW, while individuals net bought stocks worth about 1.5273 trillion KRW.

Kim Byung-yeon, a researcher at NH Investment & Securities, said, "Due to the Federal Reserve's tightening, uncertainty about economic sustainability is increasing, and with the correction of growth stocks, the upside of the U.S. long-term Treasury yields (30-year) is limited due to the Fed's downward revision of long-term benchmark interest rate forecasts." He added, "It is advisable to respond by concentrating on cyclical stocks and selectively approach growth stocks with solid earnings."

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