Foreign Investors Sell 7.6 Trillion Won in Samsung, SK hynix Shares
Foreign investors sold more than 7.6 trillion won, or approximately $5.61 billion, worth of shares in Samsung Electronics and SK hynix over the past week, targeting South Korea’s two largest semiconductor companies. The heavy selling is attributed in part to a sharp deterioration in investor sentime
Foreign investors sold over 7.6 trillion won worth of shares in Samsung Electronics and SK hynix in the past week, driven by concerns about potential tighter regulations on AI data centers following the U.S. midterm elections. These sales, which accounted for 73% of total foreign net selling on the KOSPI market, pushed foreign ownership in both companies to their lowest levels in years.
The decline in stock prices, coupled with broader market selloff, led to a market capitalization drop in exchange-traded funds and the KODEX 200 index. Despite individual and institutional investors absorbing some of the shares sold, the pressure from foreign investor outflows and market volatility is expected to persist.
Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
