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Korean stock buying by foreign investors five-year high in March

Collected: 2017.04.13

Distributed: 2017.04.17

Source: Go Direct

Foreign investors have kept up their buying spree in South Korean securities for the fourth consecutive month in March, making their biggest purchase of Korean stocks in five years despite a rate hike by the U.S. Federal Reserve.

According to data released by the Bank of Korea (BOK) on Wednesday, non-Koreans placed a total of $5.49 billion investment in Korean securities in March, up $560 million from $4.93 billion in February and the largest since February 2012 when the investment totaled $5.8 billion.

They invested $3.15 billion in Korean shares, up $390 million from the previous month. Bond investment nearly halved to $2.34 billion from $4.54 billion in the previous month.

Foreign capital has turned to emerging markets for profits upon reconfirming that the U.S. rate increases would be incremental, the BOK said in the statement.

Volatility in the won-dollar exchange rate rose slightly. The volatility rate in March was 0.47 percent, up from 0.39 percent in February. Daily fluctuation rate increased from 4.5 won in February to 5.4 won in March.

By Boo Jang-won

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