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Foreign Stock Ownership Nearing 600 Trillion Won

Written: 2017-07-10 09:46:14Updated: 2017-07-10 12:58:08

Foreign Stock Ownership Nearing 600 Trillion Won

The total amount of foreign ownership of South Korean stocks is approaching 600 trillion won, or about 522-point-two billion U.S. dollars, on the bullish market.
 
According to the Financial Supervisory Service(FSC) on Monday, foreign investors net purchased over one-point-75 trillion won worth of Korean stocks last month, net buying for the seventh consecutive month.
 
Foreigners bought a net ten-point-89 trillion won worth of local stocks in the first half of this year. 
 
Investors from the U.S. took up the largest portion, net purchasing one-point-eight trillion won, followed by France and Ireland. Foreign investors from the Cayman Islands and Saudi Arabia net sold 400 billion won, each.
 
Foreign ownership of local stocks hit a fresh record of 597-point-seven trillion won last month, accounting for 33-point-one percent of the total market capitalization.
 
The U.S. took up 42 percent of the foreign ownership, followed by Europe, Asia and the Middle East.
 

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