Tiếng ViệtSEOUL, May 15 – Retail investors sold a net 2 trillion won (US$1.46 billion) worth of shares in the domestic stock market this month, market data showed Wednesday.
According to the Korea Exchange, retail investors have sold a total of 1.93 trillion won worth of stocks in the benchmark KOSPI and tech-laden KOSDAQ markets combined as of Monday.
Samsung Electronics was at the top of the list of shares sold by retail investors this month, recording net selling of 559 billion won. Chip rival SK hynix came second, with net selling of 370 billion won. Portal giant Naver and pharmaceutical company Celltrion followed suit, with net disposing of 176 billion won and 113 billion won, respectively.
Market watchers pointed to concerns of uncertainties surrounding a planned capital gains tax on investments and relatively sluggish performance of domestic large-cap semiconductor stocks as factors in the retail selling trend.
On the contrary, local investors appear to have moved fast to invest in U.S. shares.
According to the Korea Securities Depository, local investors purchased a net 428 billion won worth of Wall Street shares as of Monday. Japanese and Chinese stock purchases followed suit, recording 45 billion won and 2 billion won worth of shares, respectively.
Excluding exchange-traded funds, Starbucks was the most sought U.S. share among South Korean investors, recording net buying of 108 billion won, followed by Microsoft and Intel, with net purchases of 68.9 billion won and 68.7 billion won, respectively.
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