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[Alpha Biz=(Chicago) Reporter Paul Lee] Despite the drop in exports, foreign funds are flowing into the stock market, drawing keen attention to whether related stocks will rebound. In particular, it is expected that foreigners will make additional net purchases, especially in the top market cap sectors such as semiconductors and automobiles.
According to the Korea Exchange on the 24th, foreigners posted a net selling of 34.6 billion won in the stock market, but as of this month, they have a buying advantage of 1.4755 trillion won. Individuals sold a net 1.3611 trillion won and institutions sold a net 203.7 billion won during the same period.
By the 20th of this month, the trade balance recorded a deficit of $ 4.139 billion in provisional import and export statistics. However, the burden of import prices has decreased and the deficit has decreased by 17% compared to the same period last year. Market experts said, "There are moves to buy foreigners aiming for a rebound in exports."
A rebound in semiconductor exports was also observed in the latest tally. Semiconductors have declined for eight consecutive months until last month.
Since 2000, KOSPI foreigners' buying volume has been the highest at a time when domestic export growth has recovered from -20% to 0%. The average monthly net purchase amounted to about 1.4 trillion won.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
