Samsung Electronics, SK hynix fall as foreigners offload holdings
2026.05.15 11:22
Samsung Electronics shares were down 1.69 percent from the previous session at 291,000 won ($194.19) as of 9:08 a.m., while SK hynix shares were down 0.96 percent at 1.951 million won.
Foreign brokerage firms, including Morgan Stanley & Co., were among the top selling brokerages for SK hynix.
Overnight on Wall Street, all three major indices closed higher as the rally in technology stocks continued.
The Dow Jones Industrial Average rose 0.75 percent, while the S&P 500 and the tech-heavy Nasdaq Composite gained 0.77 percent and 0.88 percent, respectively, renewing record highs. The Philadelphia Semiconductor Index also rose 0.46 percent.
In the Korean stock market, however, large-cap semiconductor stocks appear to be under pressure as foreigners led a wave of profit-taking sales.
In the main Kospi electrical and electronics sector, which includes Samsung Electronics and SK hynix, foreign investors and institutions were net sellers of 640.8 billion won and 26.2 billion won, respectively, while retail investors alone were net buyers of 643.7 billion won.
LG shares were trading at 152,100 won as of 9:03 a.m., up 30 percent from the previous session.
Amid the sharp rally, a static volatility interruption (VI) was triggered shortly after the market opened.
The surge was interpreted as funds flowing into LG, the holding company of LG Electronics Inc., after investor interest in robotics recently drove LG Electronics shares sharply higher.
LG Electronics shares had surged for five consecutive trading sessions through Thursday. On Friday, LG Electronics shares were trading at 262,000 won, up 20.74 percent. LG holds about a 35 percent stake in LG Electronics.
Stocks related to the redevelopment of the Seoul Express Bus Terminal, meanwhile, rose sharply for a third consecutive day on Friday amid growing expectations for the project.
Shares of Chunil Express Co. were trading at 21,500 won as of 9:25 a.m., up 7.29 percent from the previous session.
The stock closed at the daily upper limit on both Tuesday and Thursday, and soared as much as 27.63 percent at one point during the session on Friday.
Dongyang Express Corp. shares also traded at the daily upper limit in early trading before fluctuating around 61,000 won, up 8.54 percent.
As the June 3 local elections to choose the mayor of Seoul draw nearer, the redevelopment of the express bus terminal has emerged as one of the key issues, fueling investor expectations.
Chunil Express is the second-largest shareholder of Seoul Express Bus Terminal with a 16.67 percent stake, while Dongyang Express owns a 0.17 percent stake.
The market expects both companies to benefit if the redevelopment moves forward.
Shares of Shinsegae Co., which owns the Shinsegae Department Store building at the terminal, also rose 5.61 percent to trade at 565,000 won.
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