The dealing room of Hana Financial institution in Seoul, Wednesday / Yonhap
Overseas buyers turned internet consumers of South Korean shares in December, a month after promoting off the second-largest quantity in historical past, central financial institution knowledge confirmed Wednesday.
Offshore buyers purchased a internet $1.19 billion value of native shares final month, following $9.13 billion in internet sell-offs the earlier month, in line with knowledge from the Financial institution of Korea (BOK).
The November sell-off was the most important because the report promoting of $9.33 billion in April.
The nation’s benchmark KOSPI index rose greater than 7 % in December, aided by a bull run of semiconductor shares. The KOSPI superior greater than 75 % final yr.
Overseas buyers additionally snatched up a internet $6.2 billion value of bonds final month, following the most important internet buy on report of $11.81 billion the earlier month, the information confirmed.
Every day fluctuations within the won-dollar alternate price narrowed, averaging 5.3 gained in December, in contrast with 5.6 gained a month earlier, the information confirmed.
