April 19, 2024

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[THE INVESTOR] Offshore investors bought more Korean stocks than they sold for a second straight month in August, official data showed on Sept. 17.

Foreign investors bought a net 1.1 trillion won (US$983.98 million) worth of local stocks last month, following their purchase of shares worth 98 billion won in July, according to data from the Financial Supervisory Service.  

Investors from the United States, Singapore, Japan and China were among net buyers of local stocks last month, the latest findings showed.

At the end of August, foreign investors held 599.82 trillion won worth of local stocks, accounting for 31.9 percent of the nation’s market capitalization.

They also scooped up a net 4.5 trillion won of local bonds in August, extending their buying to an eighth consecutive month, according to the FSS.

Offshore investors’ holdings of local debt stood at 114.3 trillion won at the end of last month, reaching an all-time high, the FSS said. The total was equal to 6.6 percent of all debt, it noted.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)