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Lee Jae-yong, chairman of Samsung Electronics (photo=Samsung Group) |
[Alpha Biz= Reporter Kim Sangjin] Samsung Electronics is facing significant foreign investor withdrawals, with the company’s stock price falling sharply to the 50,000 KRW range, resulting in a staggering loss of approximately 90 trillion KRW in market capitalization.
According to the Korea Exchange, foreign investors have been net sellers of Samsung Electronics stock for 23 consecutive trading days since September 3. During this period, they sold off shares totaling approximately 10.66 trillion KRW.
Over the same timeframe, Samsung’s stock price has dropped from 74,400 KRW to 59,300 KRW, marking a decline of 20.3%. The company’s market capitalization decreased from 444 trillion KRW to 354 trillion KRW.
The foreign ownership percentage in Samsung Electronics fell from 56.02% in August to 53.75% in September, a drop of 2.27 percentage points. This decline is the largest since September-October 2004, which saw a decrease of 2.57 percentage points.
In contrast, SK Hynix has seen an increase in foreign ownership, now surpassing that of Samsung Electronics. As of October 10, foreign ownership in Samsung Electronics stood at 53.37%, while SK Hynix was at 54.21%.
Since September 3, SK Hynix has been the top stock for foreign net purchases, while Samsung Electronics has been the most sold. During this period, SK Hynix’s stock price rose by 6.90%.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
