KOSPI fell 3.65% to 6,384.24 on Monday, a fourth straight losing session, with Samsung Electronics and SK hynix each down more than 4%. Whether their buybacks are over rests on one Hana Securities analyst's hedged note.
Perspective Coverage
4 publishers
- Builder
- Builder 7%
- Operator
- Operator 14%
- Investor
- Investor 79%
Reality
- Evidence82
- Adoption
- Insufficient
- Hype gap+12
- Incentives
- Insufficient
- Confidence78
Foreign ownership of Samsung Electronics fell to 46.38%, its lowest since January 2008, in the week Samsung posted a record 107 trillion won quarterly profit. The six points foreign funds sold went to domestic holders and a Samsung buyback that Yuanta Securities says has ended.
Perspective Coverage
3 publishers
- Builder
- Builder 7%
- Operator
- Operator 13%
- Investor
- Investor 80%
Reality
- Evidence82
- Adoption
- Insufficient
- Hype gap+10
- Incentives
- Insufficient
- Confidence74
South Korea's KOSPI fell 2.62% to 6,625.93 on Oct. 8, its third straight loss. Samsung Electronics posted 107 trillion won of third-quarter operating profit, Seoul Economic Daily reported, yet about 96.6 trillion won of foreign net selling since June has left the index trailing Taiwan's.
Perspective Coverage
3 publishers
- Builder
- Builder 7%
- Operator
- Operator 12%
- Investor
- Investor 81%
Reality
- Evidence70
- Adoption
- Insufficient
- Hype gap+15
- Incentives
- Insufficient
- Confidence70
Foreign investors sold a net 1.75 trillion won of Korean shares on Tuesday as the KOSPI fell 0.89% to 6,941.39. Chipmakers led a drop that left breadth near even, so global bond yields are steering the index until third-quarter earnings give investors company numbers to price.
Perspective Coverage
3 publishers
- Builder
- Builder 3%
- Operator
- Operator 14%
- Investor
- Investor 83%
Reality
- Evidence72
- Adoption
- Insufficient
- Hype gap+10
- Incentives
- Insufficient
- Confidence70
Sidecars fired 78 times and circuit breakers 13 times through the 14th. The five largest asset managers' ETF desks are now selling cash flow instead of direction.
Reality
- Evidence58
- Adoption
- Insufficient
- Hype gap+22
- Incentives66
- Confidence44
Foreigners swung from heavy net sellers to heavy net buyers of KOSPI shares in a single week as Samsung and SK hynix rebounded. The small-cap record run was a flow event.
Reality
- Evidence62
- Adoption
- Insufficient
- Hype gap+14
- Incentives42
- Confidence55