'Foreigners' Love Call' LG Electronics, What Is the Future Stock Trend?

[Asia Economy Reporter Ji Yeon-jin] LG Electronics is showing a solid stock price trend due to foreign investors' buying momentum.

According to the Korea Exchange on the 27th, LG Electronics ranked first in net purchases by foreigners from the 19th to the previous day. During this period, foreigners net purchased LG Electronics shares worth 216.1 billion KRW (1,329,488 shares). This was followed by Woori Financial Group (188 billion KRW), POSCO (135.9 billion KRW), and Korea Financial Group (87 billion KRW).

LG Electronics continued a four-day streak of net buying starting from the 20th, during which its stock price rose by 3.49%. After news of its mobile business withdrawal broke earlier this year, the stock surged sharply but then fluctuated downward; however, it showed a gradual upward trend starting in May. Since the announcement of earnings below market expectations on the 7th of this month, foreigners began net selling, and the stock price dropped by more than 5%.

However, foreigners switched to net selling of LG Electronics starting from the previous day, making future stock price trends noteworthy.