Overview
- Offshore investors net bought 1.74 trillion won of Kospi shares from Jan. 2 through Friday, according to the Korea Exchange.
- Retail investors sold 249 billion won over the span while institutional investors offloaded 2.16 trillion won.
- The benchmark climbed nearly 9 percent in six sessions as December’s 3.55 trillion won in foreign net buying helped the index reclaim 4,000 points.
- This year’s top foreign inflows targeted Celltrion at 404 billion won, Hanwha Aerospace at 353 billion won and Hanmi Semiconductor at 317 billion won, with SK hynix drawing 208 billion won after larger December buying.
- Samsung Electronics faced about 2.05 trillion won in foreign selling attributed to profit-taking, and a Daishin Securities researcher says faster earnings gains with a firmer won could lift the Kospi toward 5,000 in the first quarter.