Foreign investors and returning accounts sell U.S. big tech and turn to buying Samsung and Hynix
Foreign investors and returning accounts sold U.S. big tech stocks and concentrated their purchases in Samsung Electronics and SK Hynix. According to reports, the related buying volume in less than two months 2came close to trillion won. Changes in the management of retirement pensions, along with controversy over return gaps, were also reported.
Foreign investors and so-called returning accounts recently sold U.S. big tech stocks and bought shares in Samsung Electronics and SK Hynix. According to reports, the buying volume in this trend in less than two months 2came close to trillion won.
Some individuals and institutions expressed regret after selling the “Samsung-Hynix trade.” According to reports, the gap in annual retirement pension returns was recorded at 39times. In the KOSDAQ market, a case was reported in which one stock rose in price by 2times in one month.
The total value of retirement pensions is around 500trillion won. Recent reports point to changes in how retirement pensions are managed and a shift in the allocation of funds.
In the stock market, the reallocation of funds affected trading and share prices of individual stocks. According to reports, Samsung Electro-Mechanics1.5saw its share price rise following an incident involving trillions of won120surpassed the ten-thousand-won mark to set a record high, and securities firms raised their price targets.
The reports say this trend was linked to sharp rises and falls in individual stocks, spurring active trading among market participants. The companies involved and the status of retirement pension management are expected to be further confirmed through forthcoming earnings results and disclosures.