[Featured Stock] Samsung Electronics Drops Over 1% Amid Foreign Investors' 'Sell' Pressure

Foreigners Sell 13.255 Billion Won Worth
Meanwhile, SK Hynix Buys

[Image source=Yonhap News]

Samsung Electronics is showing weakness from the early hours of trading due to strong selling pressure from foreign investors.

As of 9:28 AM on the 17th, Samsung Electronics is trading at 78,700 KRW, down 1.13% (900 KRW) compared to the previous trading day. At this time, foreign investors are selling shares worth 13.255 billion KRW, driving the stock price down.

On the 14th, Samsung Electronics touched 80,000 KRW during trading, raising expectations for the "80,000 KRW Electronics" milestone. However, uncertainties about interest rate cuts and unstable political situations in Europe appear to have dampened investor sentiment, affecting the domestic stock market as well.

Meanwhile, SK Hynix is trading at 226,000 KRW, up 2.26% (5,000 KRW) compared to the previous trading day. Unlike Samsung Electronics, foreign investors are net buyers, purchasing shares worth 674 million KRW.