SEOUL, Sept. 9 (Korea Bizwire) — Electric vehicle leader Tesla Motors Inc. has been South Korean investors’ most-bought issue among foreign shares since July amid an overseas stock buying craze here, data showed Wednesday. Domestic investors bought a net US$1.56 trillion won worth of Tesla shares between July 1 and Tuesday, according to the data [...]
SEOUL, Aug. 25 (Korea Bizwire) — The number of small shareholders in global tech giant Samsung Electronics Co. nearly tripled this year amid massive stock investment by local retail investors, data showed Tuesday. Some 1.45 million investors held a stake of less than 1 percent in the top-cap company as of the end of June, [...]
SEOUL, July 14 (Korea Bizwire) — South Korean investors in gold have posted sky-high returns this year amid strong safe-haven demand caused by the coronavirus pandemic, data showed Tuesday. Gold changed hands at 261,423 won (US$217) per 3.75 grams on the Korea Exchange as of Friday, up a whopping 23.3 percent from the start of [...]
SUWON, March 18 (Korea Bizwire) – Samsung Electronics Co., the world’s largest memory chip and smartphone maker, on Wednesday held its annual shareholders’ meeting here with strict health checks amid the spread of the novel coronavirus in the country. Samsung said only about 400 individual shareholders attended the meeting at a convention center in Suwon, [...]
SEOUL, March 16 (Korea Bizwire) — Investors injected more cash into equity funds as they expect a market rebound following volatility caused by the spreading coronavirus outbreak, data showed Monday. According to data compiled by market tracker FnGuide, the average yield of 961 domestic stock investment funds with a net asset value of 1 billion [...]
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, Feb. 4 (Korea Bizwire) — The craze over purchasing foreign stocks continues among South Korean investors. A rush to buy shares in U.S. tech giants such as Apple Inc. and Tesla Motors Inc. led the craze over purchasing foreign stocks. The Korea Securities Depository reported the value of foreign stock transactions (both buy and [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s overseas investment funds almost doubled in terms of net asset value to account for nearly 30 percent of the country’s investment funds last year, as investors bet on higher yields outside the bearish domestic market, data showed Tuesday. According to the data by the Korea Financial Investment [...]
SEOUL, Jan. 6 (Korea Bizwire) — Apple Inc. was the top pick by South Korean investors among foreign companies during the fourth quarter of last year as local investors joined the rush to buy shares in the U.S. tech giant on hopes of it making a rally, data showed Monday. Apple outperformed all other market-leading [...]
SEOUL, Dec. 29 (Korea Bizwire) — Gold has posted stellar returns this year, data showed Sunday, as an economic slump, a lengthy Sino-American trade row and other downside risks chilled the stock market and stoked investors’ flight to safety. According to the data compiled by Daishin Securities, the retail price of 1 don of pure [...]