STOCKS | Foreign Investors Accelerate Selling of Samsung and SK Hynix

Foreign investors sold about 4 trillion won of Samsung Electronics and SK Hynix shares from September 4 to 11, while shifting some funds into financial, energy, and auto stocks. According to Sina Finance, the combined net selling of the two chipmakers alone reached 3.9199 trillion won. The selling pressure has weighed on the Korea Composite Stock Price Index, which fell 2.78% in the week through September 16 and has dropped 26% from its peak. The article said South Korea's central bank warned that overseas derivatives linked to Korean chipmakers have amplified domestic market volatility. Market participants said foreign investors may be rebalancing away from semiconductors and toward more defensive sectors, while others said the next move will depend on whether U.S. long-term rates and the won-dollar exchange rate stabilize.