992.5 Billion Yuan in Capital Exits Domestic Market as Foreign Investors Flee Korean Stocks, Dumping Samsung and SK Hynix

According to South Korean media reports, the Korean stock market plummeted on the morning of the 13th as foreign investors continued to sell off shares of Samsung Electronics and SK Hynix. Data released by the Korea Exchange on the 13th shows that from the first trading day of the year (January 2) through October 12, foreign investors had a cumulative net selling position of 199.10 trillion won (approximately 992.5 billion yuan) in the KOSPI market. Of this total, Samsung Electronics saw net sales of 86.06 trillion won (approximately 429 billion yuan) and SK Hynix accounted for 87.14 trillion won (approximately 434.4 billion yuan), totaling 173.20 trillion won (approximately 863.4 billion yuan). These two stocks' net sales represented 87% of the total net selling in the KOSPI market. (China News Service Jingwei)