SK Hynix, Samsung stock surge triggers fund position limit selling, Goldman Sachs warns of additional selling pressure

Odaily Planet Daily News Global investors are pouring into Samsung Electronics and SK Hynix stocks, but the soaring stock prices have triggered the 10% limit on individual stock holdings for some funds, forcing funds to reduce positions. It is reported that GAM Investment Management in Zurich and Jupiter Asset Management in Singapore have both adjusted their investment portfolios to comply with the position limit rules. According to statistics, as of Thursday, global investors had net sold 63.6 billion USD 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 rise, additional selling pressure may still be faced in the future, although most of the forced selling has been completed.