Chip Stocks Drive KOSPI Gains as Foreign Selling Concerns Shadow Samsung and SK Hynix Rally

Samsung Electronics, SK Hynix and other semiconductor stocks have continued to lead the KOSPI higher this month, but caution is growing over possible foreign investor selling. According to the original report, Samsung Electronics, SK Hynix and SK Square climbed 29-46% this month, accounting for 87.4% of the increase in KOSPI market capitalization. The strength of major chip-related shares has therefore been the key driver of the index’s rise. However, with Middle East risks continuing and concerns about foreign selling being raised, managing market volatility remains important despite earnings expectations. Source: mk.co.kr