- Foreign investors were net buyers of 6.547 trillion won ($4.74 billion) of Kospi stocks last week, helping drive the index to an 11.5% gain over five straight trading sessions.
- Foreign investors made net purchases of 2.4311 trillion won of SK Hynix and 2.2802 trillion won of Samsung Electronics, accounting for about 72% of weekly net buying.
- Retail investors were net sellers of 7.0846 trillion won over the same period, heavily selling Samsung Electronics and SK Hynix, while continued foreign inflows raised the prospect of a sector-rotation rally.
Forecast Trend Report by Period
Kospi rises for five straight sessions last week
Foreign buying drives the index
Retail investors take profits
Foreign investors bought a net 6.547 trillion won ($4.74 billion) of Kospi stocks last week, helping drive South Korea’s benchmark index higher. SK Hynix Inc. and Samsung Electronics Co. led the buying. Retail investors moved in the opposite direction.
Data from the Korea Exchange showed foreign investors were net buyers of 6.547 trillion won during the week of Aug. 10-14. They were net sellers of about 1.5 trillion won on Aug. 10, then turned buyers in each of the next four sessions, with daily net purchases ranging from 53.5 billion won to 3.0387 trillion won.
