Foreigners Net Buy Local Stocks for 5th Consecutive Month

Write : 2017-05-17 08:51:03 Update : 2017-05-17 08:59:50

Foreigners Net Buy Local Stocks for 5th Consecutive Month

Foreign investors net purchased South Korean stocks for a fifth consecutive month through April.
 
The Financial Supervisory Service(FSS) said on Wednesday that foreigners snapped up one-trillion-265-billion won, or one-billion-134 million U.S. dollars, worth of stocks more than they dumped last month, listed either on the benchmark KOSPI or on the tech-heavy KOSDAQ.
 
The size of net foreign buying of local stocks more than halved from three-trillion-292-billion won in March, but continued to remain in positive territory since December.
 
As of last month, foreigners were holding a record high amount of stocks on the KOSPI at 545-point-seven trillion won, accounting for 32-point-seven percent of the total market value of the main bourse index.
 
By nationality, British investors net purchased the most KOSPI stocks last month among foreign investors at 900 billion won, followed by those from Luxembourg at 400 billion won and Australia at 300 billion won.
 
Cumulatively, Americans were holding most of foreign-owned stocks as of last month at 227-point-three trillion won, or 41-point-seven percent, followed by Europeans at 153-point-five trillion won, Asians at 69-point-seven trillion won and Middle Eastern investors at 24-point-eight trillion won.
 

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