It was found that foreigners sold the most stocks in the KOSPI market during the month of May since March last year, when the direct impact of Corona 19 began.
In April, foreigners showed net purchase of stocks and expected that they would return to the stock market, but it was counted that they sold more.
According to the Korea Exchange, foreigners net sold 9.37.2 trillion won in the KOSPI market from the 1st of this month to the 28th of this month.
It was the largest net sell in 14 months and sold 15 out of 18 trading days, and net bought only 3 days.
Starting from the 11th, it sold 6.173.8 trillion won in three days.
Contrary to the prospect of a long-term boom in semiconductors, foreign net selling was concentrated in IT stocks such as Samsung Electronics, SK Hynix, and LG Display.
This is attributable to a sharp decline in investor sentiment amid growing concerns about semiconductor supply and demand insecurity.
On the other hand, pension funds such as the National Pension Service, which have been net selling this year, net bought domestic stocks for the first time this month.
As a result, some analysts say that the mechanical net selling march of the pension fund, which has been ongoing for nearly a year, seems to have come to an end.
According to the Korea Exchange, from the beginning of this month to the 28th, pension funds and others net bought 143.9 billion won worth of KOSPI and KOSDAQ stocks.
If the pension fund and others do not net sell more than KRW 143.9 billion tomorrow (31st), it will record the first monthly net purchase in 11 months.
The reason why the pension fund's net selling has calmed seems to have been the fact that the National Pension Service has significantly lowered its actual weight due to a net selling march to meet its target weight of domestic stocks and has partially expanded the scope of domestic stock investment.