July 16, 2024

Foreign investors remain net buyers of S. Korean stocks for 4th month in Feb.

PUBLISHED : March 12, 2024 - 12:50

UPDATED : March 12, 2024 - 12:50

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Foreign investors remained net buyers of South Korean stocks for a fourth consecutive month in February, data showed Tuesday.

Offshore investors scooped up a net 7.37 trillion won ($5.62 billion) worth of local shares last month, sharply up from a net purchase of 3.14 trillion won the previous month, according to the data from the Financial Supervisory Service.

Local shares held by foreign investors had reached 762 trillion won as of end-February, accounting for 28.1 percent of the country's market capitalization, up from 27.4 percent a month earlier.

Investors from Britain scooped up 3.6 trillion won worth of local shares, becoming the largest net buyers of South Korean stocks, followed by US investors who purchased a net 2.8 trillion won.

Investors from the Cayman Islands were the largest sellers, offloading 703 billion won worth of stocks.

Meanwhile, foreign investors also net purchased 3.46 trillion won worth of local bonds in February, extending their buying spree to a second straight month.

As of end-February, local bonds held by foreigners had stood at 248.8 trillion won, accounting for 9.8 percent of all outstanding public bonds in the country. (Yonhap)

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