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
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
SK hynix accounted for 12 trillion won of the 20.3 trillion won that foreign investors sold net on the KOSPI between Sept. 1 and Oct. 2. With Samsung Electronics included, two memory makers carried about 85% of it, leaving little foreign selling for the rest of the market.
Reality
- Evidence80
- Adoption
- Not scored
- Hype gap+5
- Incentives
- Not scored
- Confidence78
Korean ETF buyers put 5.35 trillion won into cash and US index funds that averaged 0.83% in a month
Korea's 10 most-bought ETFs took in 5.35 trillion won over a month and averaged 0.83%, while KOSDAQ supplier funds led the return table at 26% to 32%. Earnings season will test whether 2.17 trillion won parked in two cash funds follows them.
Reality
- Evidence60
- Adoption
- Not scored
- Hype gap+25
- Incentives
- Not scored
- Confidence55
Four of five Korean 'patriotic' funds doubled in a year whatever their mandate
Four of five Korean 'patriotic' funds reviewed by Seoul Economic Daily returned 105% to 147% over the past year. Returns that close across governance, chip-growth and industrial-policy mandates point to a lift across the whole market more than to any one strategy.
Reality
- Evidence50
- Adoption30
- Hype gap+20
- Incentives
- Not scored
- Confidence50
Samsung completes its 53.8 million-share buyback days before preliminary Q3 results
Samsung Electronics has finished buying back 53.8 million of its own shares, 100.96% of the plan it began in August. Its stock now goes into next week's preliminary third-quarter results with no company purchases in the market.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+10
- Incentives
- Not scored
- Confidence55
Korea's $60.3 billion chip-export month carried the KOSPI to within 29 points of 7,000
KOSPI rose 1.95% to 6,971.35 on October 1 as Korea's September chip exports hit a record $60.3 billion, reversing a yield-driven early dip. The session shows chip news can beat US rate pressure for a day. How long it can keep doing so depends on how long the memory shortage lasts.
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence60
Korea's KOSPI 200 tracker beats every major asset class with an 81% gain this year
KODEX200, which tracks Korea's KOSPI 200, returned 80.76% this year to Sept. 20, about 40 times what big-bank deposits paid. Savers paid that gap for holding cash since January, while Daishin's own analyst puts further upside at about 8.5% and ties it to easing rates and oil.
Reality
- Evidence60
- Adoption
- Not scored
- Hype gap+10
- Incentives55
- Confidence55
Samsung's preferred shares have narrowed their discount to the common by 14 points since June
The preferred rose 15.34% in September against 9.00% for the common, and at 219,500 won one quarter's extra yield is worth about half a percentage point. The rest of the gap prices a cancellation proposal the board decides in January.
Reality
- Evidence58
- Adoption25
- Hype gap+22
- Incentives65
- Confidence60
Closing SK hynix's 50.7% ADR premium would take a third out of the Nasdaq price
A Nasdaq buyer of SK hynix paid an implied 2,558,200 won for a share Seoul priced at 1,697,000. Of that position, 861,200 won, a third of the money, depends on the gap staying open.
Reality
- Evidence62
- Adoption55
- Hype gap+22
- Incentives72
- Confidence58
Single-stock leverage carries 71.5% of Korean retail's September chip ETF selling
Individuals net sold 459.8 billion won across five semiconductor ETFs in the first eleven days of September and put 90.1 billion won into the gold, nuclear, battery and power funds credited with the rotation.
Reality
- Evidence58
- Adoption45
- Hype gap+32
- Incentives62
- Confidence55
A 5.32% Long Bond Beats Foreign Buying: KOSPI Loses 7,000 as Nvidia Backstops $105B
Korea's index opened up 2.15% and closed down 1.55% because the U.S. 30-year hit a 19-year high. Nvidia's Ohio residual-value guarantee is the same trade in different clothing.
Reality
- Evidence42
- Adoption38
- Hype gap+27
- Incentives72
- Confidence44