Offshore investors have recently dumped shares of Samsung Electronics and SK Hynix. According to the Korea Exchange (KRX), foreign investors unloaded 38.7 billion won worth of shares on August 31, marking the 18th consecutive day of net foreign selling which began on August 5.
Samsung Electronics was the most sold stock by foreign investors. Foreign investors sold 750 billion won worth of Samsung Electronics shares during the 18-day selling spree, taking their ownership of the electronics giant down to 51.05 percent from 51.59 percent.
Shares of Samsung Electronics, which closed at 1,259,000 won on August 5, dropped to 1,089,000 won on August 31.
The second largest loser was SK Hynix, the world's second-largest memory chipmaker after Samsung. It witnessed foreign net selling of its shares hitting 550 billion won during the same period. As a result, foreign ownership of SK Hynix slid to 48.86 percent from 51.21 percent.
Other top sufferers included SK Telecom, POSCO, Amore Pacific and LG Household & Healthcare. Foreigners sold 205.1 billion won, 98.6 billion won, 94 billion won and 86.7 billion won worth of their shares, respectively.
