[Featured Stock] Samsung Electronics Drops Over 1% Amid Foreign Investors' 'Sell' Pressure
by Hwang Yoonju
Published 11 Nov.2024 09:25(KST)
Updated 11 Nov.2024 13:45(KST)
![[Featured Stock] Samsung Electronics Drops Over 1% Amid Foreign Investors' 'Sell' Pressure](http://www.asiae.co.kr/news/img_view.htm?img=2024102409305871420_1729729858.jpg)
Samsung Electronics is experiencing a decline since the market opened. This is interpreted as a contraction in market investment sentiment due to a solidified competitive disadvantage in the high-bandwidth memory (HBM) market.
As of 9:18 AM on the 11th, Samsung Electronics is trading at 56,000 KRW, down 1.75% (1,000 KRW) from the previous day. At this time, foreign investors are net selling shares worth 34.14 billion KRW.
Foreign investors sold continuously for 33 trading days from September 3 to October 25, marking the longest selling streak. After net buying for only 2 trading days, they have resumed net selling for 9 consecutive trading days.
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