Top Korean investors buy chip shares during market downturn

South Korea’s top-performing investors bought major chip stocks on Nov.

3 as share prices fell sharply.

The buying included SK Hynix and Samsung Electronics, two of the country’s largest semiconductor companies.

Foreign and institutional investors were selling chip shares amid concerns about the profitability of artificial intelligence investments.

The top-performing investors appeared to see the decline as a chance to buy, betting on memory-chip demand and company earnings growth.

They also bought shares in Samsung SDI and Hanjin Kal, while selling inverse funds and AhnLab after recent price rises.

Their trades point to a divide over chip stocks, but the available information does not say what they will do next.