Foreign Investment Trends in Korean Semiconductor Stocks

Foreign investors are losing interest in Samsung Electronics and SK Hynix amid an AI semiconductor boom.

### Key Market Updates: AI Semiconductor Trends and Insider Trading Insights
* 📈 This weekend, significant updates emerged regarding Korean stocks, particularly highlighted by a chart from Goldman Sachs showcasing the **AI semiconductor boom**.
* 💼 Foreign investors have aggressively sold off shares in Samsung Electronics and SK Hynix, with their holdings now at a **"completely zero state,"** raising questions about a potential market turnaround.
* 🔍 Goldman Sachs has raised its 12-month target for the S&P 500 from **6,000 to 6,300**, predicting a **substantial 22-fold return**, while the year-end target has been adjusted to **6,000**, reflecting a **4% increase**.
* ⚠ Despite this optimism, negative sentiments are surfacing, with only **15.7% of U.S. corporate insiders buying stocks in July**, the **lowest figure in a decade**, indicating a **cautious market outlook**.
* 💰 Notably, Warren Buffett's Berkshire Hathaway is **increasing its cash reserves**, while tech leaders like Jeff Bezos and Mark Zuckerberg have engaged in **significant stock sales**, despite their companies' stock prices **rising**.
* 📊 Insider trading trends suggest future stock returns may be **average**, as insider purchases remain **below average**, although some investors argue that insider selling does not necessarily indicate a **negative outlook**.
* 🇨🇳 Attention is also on Chinese stocks, with the National Development and Reform Commission set to announce a **new stimulus package aimed at promoting economic growth**, indicating a **serious commitment from the Chinese government**.
* 🙏 I hope these insights prove **useful for your investment decisions**, and I encourage you to **subscribe and like for more updates**. Thank you!

Today, I would like to share a few important updates that I think you should know about from the past weekend. First, let me introduce this chart. It's a graph containing data from Goldman Sachs, and although it pertains to Korean stocks, I found it quite impressive, so I brought it along. The data starts from the end of December last year. The most notable point is the AI semiconductor boom over the past year. In fact, foreign investors have been buying a lot of shares in Korea's Samsung Electronics and SK Hynix. However, if you look at the current data, you'll see that they have rapidly sold off all their shares in Samsung Electronics and SK Hynix since last summer. They have almost sold everything without leaving anything behind. The dark blue area at the top, which represents Samsung Electronics and SK Hynix, shows that their holdings have reached a completely zero state. So, from a historical perspective, having sold off this much, can we say that it's now time for a turnaround?

Amid the ongoing surge in AI semiconductors, it's unclear whether foreign investors now see SK Hynix and Samsung Electronics as less attractive semiconductor stocks. This situation has entered the realm of judgment and prediction, and I'm not sure how you all perceive it. The current data shows this trend. Meanwhile, Goldman Sachs has raised its 12-month target for the S&P 500 from 6,000 to 6,300, predicting a 22-fold return. The year-end target index has been increased from 5,600 to 6,000, reflecting a 4% upward adjustment. As mentioned, the 12-month target index is now set at 6,300, which is a 10% increase. However, according to a recent report from Wall Street Journal, there are also negative sentiments emerging. In my previous video, I shared that Warren Buffett is selling stocks despite the strong U.S. economy. In connection with this, Wall Street Journal recently published an article summarizing the latest movements on Wall Street. The article begins with the statement that stock investors are becoming more cautious.

현재 너무나도 낙관적인 상태입니다. S&P 500 지수는 급격히 상승하여 1997년 이후 최고의 첫 9개월 성적을 기록했습니다. 하지만 가장 많은 정보를 보유한 투자자들은 이 낙관론을 필요로 하지 않는 듯합니다. 인사이더 센티먼트 닷컴에 따르면, 7월에 기업 내부의 임원들의 거래를 살펴보면, 미국 기업 중 15.7%만이 내부 임원이 주식을 매입했습니다. 이는 지난 10년 동안 가장 낮은 수치입니다. 이 수치는 8월에 25.7%로 증가했지만, 9월에는 다시 21.9%로 하락했으며, 이는 식년 평균인 26.3%를 크게 밑도는 수치입니다. 그리고 앞서 말씀드린 대로, 워렌 버핏이 이끄는 버크셔 해서웨이는 현금 보유를 늘리고 있으며, 제프 베조스와 메타의 마크 저커버그 같은 빅테크 기업의 리더들이 올해 자사주를 매입하고 있습니다.

According to a professor at the University of Michigan's Business School, who is mentioned in the article, insider trading is a very strong indicator for predicting future stock returns. The fact that insider stock purchases are below average suggests that future stock returns will be average. Of course, there are counterarguments. Some investors believe that insider selling is not an effective indicator and that it may not necessarily be due to a negative outlook on the stock. In reality, Bezos sold about $10.3 billion worth of stock, and Chairman Michael Dell sold over $5 billion, while Zuckerberg sold over $2 billion. However, what happened to the stock prices of these three companies? All of them rose by double digits this year. Peter Thiel sold Palantir stock, and Jensen Huang of NVIDIA also made significant sales, but the stock prices of these two companies have more than doubled over time.

I have organized the information as follows: each person must make their own judgment. There is a lot of interest in how Chinese stocks will perform. However, after the National Day holiday, on the 8th, the National Development and Reform Commission, China’s top economic planning agency, will hold a press conference to explain the steps for implementing policies aimed at promoting economic growth. They announced that there will be a systematic announcement of a policy package designed to ensure economic growth optimization and sustainable development momentum. Additional details have not been provided. This indicates that the current economic stimulus is something the Chinese government is taking very seriously. Immediately after the holiday, they will hold a press conference to announce another stimulus package, suggesting that there will be no further retreat on this matter. I hope this information will be useful for your future investments. This concludes the video I prepared today.

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[홍장원의 불앤베어] 외인투자자, 삼성전자 SK하이닉스 다팔았다. 미국 내부자주식매입 10년래 최저수준.

월가에서 월급받는 부자되는 비법을 전수합니다!

매경 월가월부

Foreign Investors' Shift in Korean Tech Stocks

Foreign investors have significantly sold off their shares in Samsung Electronics and SK Hynix, which were major players in the AI semiconductor boom.

Goldman Sachs has raised its 12-month target for the S&P 500, reflecting a positive outlook, but negative sentiments are also emerging on Wall Street.

The drastic sell-off of shares by foreign investors raises questions about the future attractiveness of these tech stocks.

The S&P 500 has had its best first nine months since 1997, but corporate executive share purchases are at a decade low, raising concerns.

Warren Buffett and big tech leaders are also holding back on stock buybacks, suggesting a cautious outlook.

Despite insider selling by notable figures, the stock prices of their companies have still increased significantly this year.

China's Economic Stimulus and Stock Performance

Chinese stocks are under significant scrutiny as the National Development and Reform Commission plans to announce a policy package for economic growth on the 8th, following the National Day holiday.

The Chinese government is taking the economic stimulus seriously, with a systematic announcement of measures to promote optimal growth and sustainable development.

The immediate follow-up of another stimulus package after the holiday indicates a strong commitment to this initiative, which should be considered for future investments.

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They are grateful and thank the audience for their help.