[Featured Stocks] Foreigners Continue Net Buying... Samsung Electronics and SK Hynix on the Rise
[Asia Economy Reporter Minji Lee] Foreign investors' bargain buying of semiconductor companies has led to an upward trend in Samsung Electronics and SK Hynix.
At 10:44 a.m. on the 26th, Samsung Electronics was trading at 58,700 KRW, up 1.73% from the previous trading day. At the same time, SK Hynix rose 1.39% to 94,800 KRW.
This is thanks to the continuous net buying by foreign investors. As of this time, foreign investors have purchased 780,000 shares and have maintained net buying for five consecutive trading days. SK Hynix also bought 192,000 shares, showing net buying for two consecutive trading days.
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Previously, overselling of semiconductor companies led to bargain buying. The Philadelphia Semiconductor Index closed up 2.28% the previous day, marking an upward trend, and rose 8.8% over the past week. Major stocks such as Intel (6.45%), Lam Research (18.05%), and AMD (7.28%) also increased.
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