August 26, 2021 10:59
Foreign investors' holdings of Samsung Electronics shares have dipped to a four-year low as they slash their investments amid global uncertainties.
They have been offloading Samsung shares for 13 trading days in a row.
According to Korea Exchange on Wednesday, foreign investors sold W7.53 trillion worth of Samsung shares between Aug. 5 and this Tuesday. But on Wednesday they snapped up W3 billion (US$1=W1,168).
That means their combined stake in the company dropped from 53.4 percent to 51.7 percent over the period, the lowest since May 22, 2017, when it was 50.5 percent.
Foreign investors are specifically selling off Samsung shares rather than a spread of blue-chip stocks. Since early this year, they have shed a staggering W20.84 trillion worth of Samsung stocks, more than two-thirds of the W29.14 trillion worth of stocks they sold overall.
Investors are reducing their holdings in emerging economies because they believe the U.S. dollar will stay strong.
Some analysts speculate that faith in the future of the semiconductor business, Samsung's mainstay, is waning.
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