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Biz News Korea(Eng)
Foreign investors net purchased $3.42 bn in Korean stocks in H1
- Collected
- 2016.07.05
- Distributed
- 2016.07.07
- Source
- Go Direct
According to the Korea Exchange (KRX) on Monday, foreign investors purchased a net $15 billion worth of stock from Asian markets excluding China and Japan between January and June this year. The overseas investors had been net buyers of Asian shares since 2012 but turned to selling of $3.2 billion last year. Their net selling returned to purchase this year.
In Korea, the offshore investors sold a net $2.8 billion worth shares last year but bought a net $3.42 billion during January-June period this year. Taiwanese shares were Asian favorite when excluding Chinese and Japanese markets, drawing in a net purchase of $6.2 billion.
In Vietnam, foreign investors shifted to net selling of $80 million during the first half after keeping up a net purchase for five years in a row.
Foreign investors dumped $504 million in Asian shares on June 24 following the surprising outcome of a British vote to leave the European Union. But they returned, purchasing $579 million in shares across Asia during the last five trading days of June.
By Yong Hwan-jin
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