STOCKS | South Korean Stock Market Experiences Volatility Amid Foreign Sell-Off

On March 20, South Korea's stock market experienced fluctuations as major tech stocks turned negative due to foreign sell-offs. According to Jin10, foreign investors net sold 1.26 trillion Korean won (approximately $8.42 billion), leading to a reduction in the KOSPI index's early gains. Meanwhile, retail investors and institutions net purchased 7.464 trillion won and 5.248 trillion won worth of Korean stocks, respectively. Leading tech stocks such as Samsung Electronics and SK Hynix saw declines of 0.25% and 0.2%, respectively. In contrast, LG Energy Solution, a battery manufacturer, rose by 0.94%, and Doosan Heavy Industries increased by 3.29%. Stocks in the biotechnology and financial sectors also showed upward movement. On the other hand, SK Square, an AI investment company, fell by 1.8%, while defense giant Hanwha Aerospace dropped by 4.73%. Major shipbuilder Hyundai Heavy Industries decreased by 0.71%, and Samsung Electro-Mechanics declined by 2.71%.