Korean particular person buyers’ web purchases of abroad shares reached a brand new excessive for a half-month interval in November, pushed by their aggressive funding patterns, officers stated Sunday.
Native buyers purchased a web $3.63 billion price of international shares within the first 14 days of this month, greater than double the $1.77 billion recorded throughout the identical interval final month, in line with the Korea Securities Depository and the Korea Middle for Worldwide Finance.
Whereas U.S. shares accounted for the majority of the purchases, retail buyers additionally acquired $180 million in European shares, $170 million in Hong Kong shares, and $150 million in Chinese language shares. Japanese shares have been web bought to the tune of $350 million.
Notably, buyers web bought $560 million of Meta Platforms Inc., anticipating a rebound after the inventory plunged sharply in a brief interval, approaching the $600 mark this month.
The current surge in abroad inventory purchases has coincided with web gross sales of home shares by international buyers.
In line with the Korea Trade, international buyers have engaged in large-scale profit-taking within the Korea Composite Inventory Worth Index (KOSPI) market, recording cumulative web gross sales of 9.12 trillion received.
