The surge in Samsung and SK Hynix stock prices triggered fund selling restrictions, and Goldman Sachs warned of additional selling pressure.

PANews reported on May 30th, citing Bloomberg, that global investors have been flocking to Samsung Electronics and SK Hynix stocks, but high share prices have triggered the 10% holding limit for some funds, forcing them to passively reduce their positions. It is understood that Zurich-based GAM Investment Management and Singapore-based Jupiter Asset Management have both adjusted their portfolios to comply with the position limit rules. Statistics show that as of Thursday, global investors had net sold $63.6 billion worth of South Korean stocks, the largest monthly sell-off since 1999. Goldman Sachs analysts pointed out that if the market concentration of Samsung and SK Hynix continues to increase, they may face additional selling pressure in the future, although most of the forced selling has already been completed.

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Author: PA一线

This content is for market information only and is not investment advice.

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