SEOUL, March 13 (Korea Bizwire) — South Korean institutional investors have been loading up on stocks this month despite a virus-induced market crash, data showed Friday. The country’s state pension fund and other institutions remained in net buying mode between March 2 and Thursday, purchasing stocks worth nearly 1.1 trillion won (US$910 million), according to [...]
SEOUL, March 12 (Korea Bizwire) — South Korean retail investors have remained in a net buying mode this year despite a sharp drop in local stock prices, data showed Thursday. Individual investors have bought a net 14.3 trillion won (US$12 billion) worth of local stocks as of Wednesday this year, according to the data compiled [...]
SEOUL, March 10 (Korea Bizwire) — South Korean investors are scrambling to pour their money into short-term investment funds amid greater stock market volatility stemming from the coronavirus outbreak, data showed Tuesday. The net asset value of money market funds (MMFs) stood at 143.6 trillion won (US$119 billion) as of end-February, up 15.2 trillion won [...]
SEOUL, March 6 (Korea Bizwire) — South Korean retail investors have rushed to fill in a stock market vacuum left by fleeing foreigners since the country confirmed its first coronavirus case in late January, data showed Friday. Individual investors’ net buying of local stocks reached upwards of 9 trillion won (US$7.6 billion) between Jan. 20, [...]
SEOUL, March 5 (Korea Bizwire) — Despite the coronavirus shock, money floating around the South Korean stock market has touched an all-time high, data showed Thursday, amid growing expectations of a market rally. The amount of stock-related funds came to 124.1 trillion won (US$105 billion) as of the end of February, up 8.8 trillion won [...]
SEOUL, March 4 (Korea Bizwire) — Foreign selling of South Korean stocks skyrocketed in February as investors rushed to pull out of emerging markets amid the coronavirus scare, data showed Wednesday. Offshore investors sold a net US$3 billion worth of South Korean stocks last month, compared with net selling of $165 million a month earlier, [...]
SEOUL, March 2 (Korea Bizwire) — South Korean institutions’ investment in overseas securities surged sharply from a year earlier in 2019, largely due to a rise in their purchase of overseas bonds, central bank data showed Monday. The combined value of foreign stocks and bonds held by South Korean institutions came to US$326.3 billion as [...]
SEOUL, Feb. 27 (Korea Bizwire) — Foreign investors have been unloading South Korean stocks over the past month amid the fast spread of the coronavirus and other negatives, data showed Thursday. Offshore investors sold a net 2.4 trillion won (US$1.98 billion) of South Korean equities in the first 26 days of February, according to the [...]
SEOUL, Feb. 26 (Korea Bizwire) — Foreign investors are flocking to the safety of South Korean bonds after pulling out of stocks this year amid the spread of the new coronavirus, data showed Wednesday. Offshore investors held 129.7 trillion won (US$107 billion) worth of listed government and corporate bonds as of Monday, up about 6 [...]
SEOUL, Feb. 20 (Korea Bizwire) — A dark cloud is hanging over the earnings outlook for South Korean securities firms in the wake of the new coronavirus outbreak and a hedge fund scandal, market watchers said Wednesday. The COVID-19 virus outbreak has put the brakes on the local stock market’s rally, which started late last [...]