April 19, 2024
Finance
Foreign investors turn net buyers of stocks in Oct.
[THE INVESTOR] Offshore investors turned to net buyers of Korean stocks in October, official data showed on Nov. 14.
Foreign investors purchased a net 2.4 trillion won (US$2.14 billion) worth of local stocks last month, according to the data by the Financial Supervisory Service.
Investors from the US, Britain and Ireland were among net buyers of local stocks last month, the data showed.
At the end of October, foreign investors held a total of 651.2 trillion won worth of local stocks, accounting for 33.9 percent of the nation’s market capitalization.
Foreign investors also bought a net 698 billion won worth of local bonds last month.
At the end of last month, foreign investors’ holdings of local debt stood at 101.2 trillion won, accounting for 6.1 percent of the bond market.
By Alex Lee and newswires (alexlee@heraldcorp.com)
