Retail Investors Dump Samsung, SK hynix Amid Shareholder Returns
Samsung Electronics and SK hynix stocks surged on expectations tied to shareholder return policies, but retail investors used the rally to cash out rather than hold. Meanwhile, money sitting on the sidelines for stock investment slipped below 100 trillion won (about $70.5 billion) for the first time
Samsung Electronics and SK hynix stocks experienced a surge due to shareholder return policies, but retail investors sold their shares instead of holding them. The money on the sidelines for stock investment fell below 100 trillion won for the first time in six months, indicating a broader trend of retail investors leaving the domestic market.
Retail investors net sold 2.172 trillion won worth of Samsung Electronics shares over two trading days, with the stock closing at 255,500 won, up 6.68%. SK hynix also saw a net sell of 1.136 trillion won from retail investors, after it plummeted 10% on August 6 and gained 4.13% the previous day. Foreign investors, however, net bought 2.066 trillion won in Samsung Electronics and 852 billion won in SK hynix.
The anticipation of shareholder return policies from Samsung Electronics and SK hynix fueled the rally, with Samsung Electronics forecasting up to 200 trillion won and SK hynix up to 100 trillion won. Despite the rebound, investors focused on taking profits from short-term surges rather than long-term dividends. The investor deposit in securities firms fell below 100 trillion won for the first time since February 13, marking the exit of retail investors from the stock market.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
