Foreign investors, following a prolonged selling streak of Samsung Electronics—South Korea’s largest company by market capitalization—have returned to net buying after 34 consecutive trading sessions, pushing the stock price up nearly 4%.
According to the Korea Exchange on Oct. 28, Samsung Electronics closed at 58,100 won, up 3.94%. This marks the highest daily gain in about a month since its 4.02% increase on Sept. 26, driven by strong net purchases from both foreign and institutional investors. On this day, foreign and institutional investors net bought approximately 9.1 billion won ($6.57 million) and 154 billion won ($111.27 million) of Samsung shares, respectively, while individual investors net sold around 168 billion won ($121.39 million).
Foreign investors had been net sellers of Samsung Electronics for 33 sessions from Sept. 2 through Oct. 25, offloading roughly 12.89 trillion won ($9.31 billion)—the longest consecutive selling streak recorded since data collection began in 1999.
Investor sentiment received a boost from reports in foreign media on the tech giant’s high-bandwidth memory (HBM) business. Taiwan’s DigiTimes reported that “Samsung Electronics has received conditional approval as an HBM supplier for NVIDIA” due to tight HBM supply for NVIDIA’s new AI chip, “Blackwell.”
Some analysts attribute the renewed interest from foreign investors to “buying the dip” following Samsung Electronics’ recent price decline. Lee Kyung-min, head of the investment strategy team at Daishin Securities, commented, “Samsung Electronics’ Q3 (July-Sept.) earnings shock reflects accrued performance-based compensation and operating profit is expected to recover to 11 trillion won in Q4.” He added, “Daily semiconductor export volume surged last month, reaching its highest level since October 2022, signaling steady momentum in semiconductor exports.”
Meanwhile, as investor interest pivoted toward Samsung Electronics, its cross-town rival, SK Hynix, saw a 2.49% decline. The KOSPI and KOSDAQ indices advanced by 1.13% and 1.8%, respectively, reflecting a generally positive market sentiment.