ZERO-DEFUNCT BACKFIRE: KOREA HAS SOLD 5.1 TRILLION WON IN TWO DAYS AND LOST THREE STARS AND SK HERCULES

THE KOREAN STOCK MARKET REBOUNDED RAPIDLY AFTER THE “BLACK MONDAY”, BUT THE PREVIOUS LARGE NUMBER OF INDIVIDUAL INVESTORS WHO HAD BEEN AT THE BOTTOM OF THE SEMICONDUCTOR'S HEAD SUFFERED “SLIDING AND REBOUNDING”. ACCORDING TO DATA FROM THE KOREAN EXCHANGE, KOREAN DIASPORA INVESTORS BUY ABOUT 3.89 TRILLION WON FOR SAMSUNG ELECTRONICS AND SK HERCULES, OF WHICH THREE STARS NET 1.1 TRILLION WON AND SK HERCULES NET 2.79 TRILLION WON. THE STOCK PRICES OF THE TWO COMPANIES FELL BY 10.7 PER CENT AND 15.37 PER CENT, RESPECTIVELY, AND THE BULK TOOK OVER THE LEVERAGE OF FOREIGN INVESTMENT AND INSTITUTIONAL SALES. HOWEVER, AS THE SEMICONDUCTOR UNIT REBOUNDED, IT QUICKLY TURNED INTO A SELLER. IN TWO DAYS, 14 AND 15 DAYS, INDIVIDUAL INVESTORS SOLD CUMULATIVELY 1.45 TRILLION WON FOR THREE STAR ELECTRONS, 3.7 TRILLION WON FOR SK HERCULES AND 5.15 TRILLION WON FOR TWO SHARES. ACCORDING TO THE DATA, THE ESTIMATED AVERAGE PRICE FOR THE 13-DAY BUY-IN OF TRISTAR ELECTRONICS IN THE DIASPORA WAS APPROXIMATELY 26.17 MILLION WON, AND THE AVERAGE PRICE FOR THE FOLLOWING TWO DAYS WAS APPROXIMATELY 25194,000 WON; THE AVERAGE PRICE FOR SK HERCULES WAS ABOUT 1,938.5 THOUSAND WON AND THE AVERAGE PRICE FOR THE BUY-OUT WAS ABOUT 1,849.3 THOUSAND WON. IF THE 13-DAY CHIPS WERE BOUGHT, THE TOTAL LOSSES FOR THE DISPERSED HOUSEHOLDS WOULD BE APPROXIMATELY 133.2 BILLION WON. AT THE SAME TIME, THE CUMULATIVE INCREASE OF APPROXIMATELY 9.8 PER CENT IN SAMSUNG ELECTRONICS ON 14 AND 15 DAYS AND OF APPROXIMATELY 12.8 PER CENT IN SK HERCULES ON 2 DAYS DID NOT ALLOW FOR A FULL SHARE OF THE SUBSEQUENT INCREASE, OWING TO THE LARGE AMOUNT OF TYPOGRAPHICAL FUNDS SOLD IN THE EARLY DAYS OF THE 14TH REBOUND。