KOSPI fell 3.65% to 6,384.24 on Monday, a fourth straight losing session, with Samsung Electronics and SK hynix each down more than 4%. Whether their buybacks are over rests on one Hana Securities analyst's hedged note.
Perspective Coverage
4 publishers
- Builder
- Builder 5%
- Operator
- Operator 16%
- Investor
- Investor 79%
Reality
- Evidence82
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence78
Foreign ownership of Samsung Electronics fell to 46.38%, its lowest since January 2008, in the week Samsung posted a record 107 trillion won quarterly profit. The six points foreign funds sold went to domestic holders and a Samsung buyback that Yuanta Securities says has ended.
Perspective Coverage
3 publishers
- Builder
- Builder 7%
- Operator
- Operator 13%
- Investor
- Investor 80%
Reality
- Evidence82
- Adoption
- Not scored
- Hype gap+10
- Incentives
- Not scored
- Confidence74
South Korea's KOSPI fell 2.62% to 6,625.93 on Oct. 8, its third straight loss. Samsung Electronics posted 107 trillion won of third-quarter operating profit, Seoul Economic Daily reported, yet about 96.6 trillion won of foreign net selling since June has left the index trailing Taiwan's.
Perspective Coverage
3 publishers
- Builder
- Builder 7%
- Operator
- Operator 12%
- Investor
- Investor 81%
Reality
- Evidence70
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence70
Foreign investors sold a net 1.75 trillion won of Korean shares on Tuesday as the KOSPI fell 0.89% to 6,941.39. Chipmakers led a drop that left breadth near even, so global bond yields are steering the index until third-quarter earnings give investors company numbers to price.
Perspective Coverage
3 publishers
- Builder
- Builder 3%
- Operator
- Operator 14%
- Investor
- Investor 83%
Reality
- Evidence72
- Adoption
- Not scored
- Hype gap+10
- Incentives
- Not scored
- Confidence70
Korea's biggest fund houses answer 91 trading halts with bonds, gold and covered calls
Sidecars fired 78 times and circuit breakers 13 times through the 14th. The five largest asset managers' ETF desks are now selling cash flow instead of direction.
Reality
- Evidence58
- Adoption
- Not scored
- Hype gap+22
- Incentives66
- Confidence44
Korean chip large-caps take the lead back, and the KOSDAQ's August looks borrowed
Foreigners swung from heavy net sellers to heavy net buyers of KOSPI shares in a single week as Samsung and SK hynix rebounded. The small-cap record run was a flow event.
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+14
- Incentives42
- Confidence55