Business · Markets · 23 hrs ago

Foreign ownership of Samsung Electronics falls to lowest level since 2008

Foreign ownership of Samsung Electronics falls to lowest level since 2008

Foreign investors held 46.38% of South Korean chipmaker Samsung Electronics on Oct.

8.

The figure had fallen to 46.37% two days earlier, its lowest level since January 2008, during the global financial crisis.

This comes despite Samsung reporting record third-quarter operating profit of 107 trillion won.

Foreign ownership of Samsung had reached 52.40% early this year before falling amid a broader retreat by overseas investors.

The selling has also affected SK Hynix, where foreign ownership was 49.59% on Oct.

8, below 50% for eight trading days in a row.

Foreign investors have sold more than 197 trillion won worth of South Korean stocks this year, and their holdings in the country's electrical and electronics sector have declined.

Market attention is on whether the foreign selling will continue.

Sources

Related news