The Korean tech maker seems to have achieved good growth in some sectors as the foreign investors’ net purchases of Samsung stocks have reached an all-time high in 2023. All thanks to the positive perspective of a reversion in the chip industry.
As per the details, offshore investors scooped up a net 16.7 trillion won worth of Samsung stocks in 2023. To be mentioned, it is the largest foreign net buying of Korean tech makers’ shares since the bourse operator KRX started to compile such data in 1999.
Stocks of Samsung Electronics rose for seven days in a row to close at a yearly high of 78,500 won. Meanwhile, foreigners purchased a net 2.8 trillion won worth of stocks of SK Hynix, the No. 2 memory chipmaker, last year, up from a net buying of 833 billion won in 2022.
