이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Chinese investors cash out from Korean stocks in February amid THAAD tension
- Collected
- 2017.03.08
- Distributed
- 2017.03.09
- Source
- Go Direct
Chinese nationals who had net purchased 38 billion won in local shares in January cashed out last month, while other foreign investors net bought combined 658 billion won in Korean shares.
Investors from China net sold 170 billion won of local shares in August 2016 after Korea announced its decision to deploy the missile defense system in Seongju, North Gyeongsang Province in the previous month. They kept selling local stocks for five consecutive months with 168 billion won in September, 206 billion won in October, 129 billion won in November and 106 billion won in December. Their total net selling amounted to 1.6 trillion won last year.
According to the Financial Supervisory Service on Tuesday, foreign ownership in Korean stocks hit a record high of 503.4 trillion won in February, accounting for 31.8 percent of the total market capitalization.
Foreign investors have kept up their buying spree in the local bourse for the third straight month since December last month.
American investors net bought 2.1 trillion won worth local stocks in February, followed by investors from the Cayman Islands who bought 259 billion won and Luxembourgers 284 billion won. Investors from Saudi Arabia net sold the most amounts of local shares worth 1.02 trillion won, trailed by Singaporeans with 695 billion won and British with 367 billion won.
By Yong Hwan-jin
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]