This photograph reveals dealing room of Hana Financial institution in central Seoul, Monday / Yonhap
Korean establishments’ funding in international securities rose for the third consecutive quarter within the three months resulted in September, partly as a result of an increase in funding but additionally on the again of rising worth of their holdings, central financial institution information confirmed Monday.
The excellent worth of international securities held by native institutional buyers stood at $490.21 billion as of end-September, up $24.67 billion from three months earlier, in response to the info from the Financial institution of Korea (BOK).
The tip-September studying additionally marks a pointy improve from $427.68 billion a 12 months earlier.
International securities embody shares, bonds and “Korean paper,” which refers to international currency-denominated securities issued by the Korean authorities, banks or corporations in abroad markets.
By kind, native establishments’ funding in international shares superior $19.13 billion on-quarter, whereas the worth of their international bond holdings climbed $4.66 billion over the cited interval.
“Web investments in international shares and bonds have elevated, leading to valuation beneficial properties, primarily as a result of stable beneficial properties in main inventory markets and expectations of U.S. rate of interest cuts,” a BOK official stated.
