Foreign ownership of Samsung Electronics tops 50% again

Foreign ownership of Samsung Electronics has climbed back above 50 percent in the Korean stock market, while retail investors favored SK hynix this month, the main bourse said Sunday. In the first three weeks of this month through Friday, foreign investors bought a net 1.877 trillion won ($1.34 billion) worth of Samsung Electronics shares, more than double their net buying of 713 billion won for all of last month, according to the Korea Exchange (KRX). As of Friday, foreigners held a 50.19 percent stake in the chip giant, rising above the mark for the first time since April 24, when their ownership stood at 50 percent. On Thursday, Samsung Electronics shares rallied after the Supreme Court upheld the acquittal of the company's Chairman Lee Jae-yong, affirming lower court rulings that cleared him of financial crimes related to a 2015 merger between Samsung affiliates that consolidated his control over the conglomerate. However, foreigners offloaded 301 billion won worth of SK hynix stocks in the first three weeks, ending their two-month buying streak in the broader market. SK hynix sharesWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times