Business · Markets · 3 hrs ago

Korean Investors’ US Stock Buying Hits Yearly High

Korean Investors’ US Stock Buying Hits Yearly High

Korean investors net bought $5.49 billion in US stocks this month, about 7.27 trillion won.

That was 5.5 times the previous month’s $1 billion and the largest monthly amount so far this year.

The buying came as the won strengthened, making dollars cheaper for investors in South Korea.

At the same time, South Korea’s KOSPI fell sharply, prompting money to move toward US shares.

The figures show a shift toward US stocks among Korean investors.

Net purchases mean investors bought more than they sold.

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