Foreign Investors Net Buy KOSPI 137.5B Won, Samsung Electronics 241B Won on July 9

According to Korea Exchange, foreign investors made 137.5 billion won in net purchases on KOSPI on July 9, marking two consecutive days of buying after a 344 billion won net buy the previous day. Samsung Electronics (005930) saw the largest foreign inflows at 241 billion won, returning to net purchases after 15 trading days. The stock closed up 0.18% at 278,000 won.

The buying pressure reflects KOSPI's historical valuation trough. The index's forward PER of 6.17x has fallen below the 2008 financial crisis low of 6.27x, according to analysts. SK Hynix (000660), ahead of its Nasdaq ADR listing with over 7x oversubscription, reversed to 440 billion won in net sales on July 9, as Bloomberg reported. UBS has warned that the Nasdaq-listed ADR may trade at a premium to domestic shares, potentially encouraging foreign investors to shift holdings.