Samsung, SK Hynix Surge Triggers Fund Unwind as Positions Hit 10% Cap Limit; Goldman Warns of Further Selling

GateNews
According to Bloomberg on May 30, surging stock prices of Samsung Electronics and SK Hynix have forced several global funds to unwind positions as holdings hit a 10% single-stock cap limit imposed on many investors, prompting companies including GAM Investments and Jupiter Asset Management to rebalance their portfolios. Global investors sold a net $63.6 billion in South Korean stocks for the month, marking the largest monthly outflow since 1999. Goldman Sachs analysts cautioned that if market concentration in Samsung and SK Hynix continues to rise, additional selling pressure could emerge, though most forced liquidations have already been completed.
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