Samsung Electronics is falling more than 2% due to foreign investors' selling pressure.
As of 10 a.m. on the 20th, Samsung Electronics is trading at 54,900 KRW, down 2.49% from the previous day. It was down about 1% shortly after the market opened but is now extending its losses.
At this time, foreign investors are net selling 8.485 billion KRW. They net sold about 2.4 billion KRW immediately after the market opened, and the selling volume has increased to around 6 billion KRW.
On this day, Kyungbeom Ko, a researcher at Yuanta Securities, pointed out, "The stock price trend was more strongly influenced by foreign investors' supply and demand than by treasury stock acquisition," adding, "A shift confirming the inferiority in artificial intelligence (AI) competitiveness and weakening profit momentum needs to be confirmed."
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