Foreign Investors Dump 44.7 Trillion Won of Kospi Stocks in May, Most on Record
Summary
- Foreign investors posted a record monthly net sale of 44.715 trillion won in the Kospi this month.
- With the Kospi posting a sharp surge this year, the selling was attributed to profit-taking by foreign investors.
- Foreign investors sold Kospi shares and bought Kosdaq stocks, posting a record net purchase of 2.837 trillion won on the Kosdaq.
Forecast Trend Report by Period
Foreign investors were net sellers of more than 44 trillion won in the Kospi this month, the largest monthly outflow on record.
Data from the Korea Exchange on May 31 showed foreign investors were net sellers of 44.715 trillion won worth of Kospi shares this month. That marked the biggest monthly net sale by foreign investors in the Kospi on record. With the index having surged this year, the selling was attributed to profit-taking by overseas investors.
Foreign investors were also net buyers in the Kosdaq market. They bought a net 2.837 trillion won worth of Kosdaq stocks this month, also a monthly record. The buying was attributed to rising expectations that Kosdaq-listed companies could benefit from the recent launch of the National Growth Fund.
Lee Su, Hankyung.com reporter, 2su@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
