Foreigners buy S. Korean stocks
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.