For­eign­ers buy S. Korean stocks

China Daily (USA) - - BUSINESS -

For­eign in­vestors pur­chased SouthKorean stocks for three months in a row, fi­nan­cial watch­dog data showed on Mon­day. For­eign net buy­ing of lo­cal stocks reached 1.85 tril­lion won ($1.64 bil­lion) in Au­gust, keep­ing a buy­ing trend for three months since June, ac­cord­ing to the Fi­nan­cial Su­per­vi­sory Ser­vice. Off­shore in­vestors held lo­cal stocks worth 467.6 tril­lion won as of the end of Au­gust, ac­count­ing for 30.5 per­cent of the to­tal mar­ket cap­i­tal­iza­tion. It was the first time in 15 months that for­eign own­er­ship per­cent­age topped 30 per­cent.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.