Global Funds Flowing into S. Korea Despite N. Korean Nuke Risk

The Wall Street Journal said Tuesday that global funds are flowing into South Korea despite North Korea’s ballistic missile launch and threat of nuclear weapons development.
The U.S. daily said that global investors, who have grown immune to the North’s nuclear threats, are steadily investing in South Korea’s financial market despite geopolitical risks. As a result, the paper said that South Korea’s stock, bond and foreign exchange markets are faring well.
The benchmark Korea Composite Stock Price Index(KOSPI) has climbed 18 percent and Samsung Electronics’ shares surged 35 percent this year alone thanks to the strong performance by semiconductors.
Foreign investors are net purchasing South Korean stocks for a seventh consecutive month and have continuously net invested in the Korean bond market since January.
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