Samsung, SK hynix Lead 10 Trillion Won Buyback Wave
Driven by the treasury share purchases of SK hynix and Samsung Electronics, net buying by ‘other corporations’ has emerged as a major supply and demand entity in the domestic stock market, strongly supporting the bottom of the KOSPI.On the other hand, foreigners, retail investors, and pension funds
The recent buyback wave in the domestic stock market, led by Samsung Electronics and SK hynix, has significantly boosted the KOSPI's bottom, supporting its value. From August 20 to August 28, other corporations recorded net purchases totaling 10.187 trillion won, a stark contrast to the net sales by foreigners (-7.6685 trillion won), retail investors (-2.7974 trillion won), and pension funds (-307.0 billion won).
This trend was also evident in individual stocks, with Samsung Electronics and SK hynix experiencing net purchases from other corporations, while retail investors, foreigners, and institutions recorded net selling. The forecast suggests that this buying trend will persist for about 30 trading days, or a month and a half, driven by Samsung Electronics' plan to purchase 15 trillion won in treasury shares and SK hynix's acquisition of 40 trillion won.
Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
