April 20, 2024
Economy
Foreign investors hold record-high stocks
[THE INVESTOR] Foreign investors hold record-high stocks with offshore investors owning more than 50 percent in dozens of listed companies, data showed on March 16.
According to the data by the Financial Supervisory Service and the bourse operator Korea Exchange, foreign investors held 523.1 trillion won (US$463 billion) worth of local stocks traded on the main bourse and secondary KOSDAQ market as of March 15.
Except for November, offshore investors have been in a net buying mode since February last year, buoyed by such positives as improving corporate earnings, the undervaluation of local stocks and hopes for stimulus down the road.
Foreign stock ownership has been renewing all-time highs nearly daily since December, with the value topping the 500 trillion-won mark early this year.
By Alex Lee and newswires (alexlee@heraldcorp.com)
According to the data by the Financial Supervisory Service and the bourse operator Korea Exchange, foreign investors held 523.1 trillion won (US$463 billion) worth of local stocks traded on the main bourse and secondary KOSDAQ market as of March 15.
Except for November, offshore investors have been in a net buying mode since February last year, buoyed by such positives as improving corporate earnings, the undervaluation of local stocks and hopes for stimulus down the road.
Foreign stock ownership has been renewing all-time highs nearly daily since December, with the value topping the 500 trillion-won mark early this year.
By Alex Lee and newswires (alexlee@heraldcorp.com)
