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Korean Investors Continue to Buy Tesla Shares Despite Recent Price Drops

Korean Investors Continue to Buy Tesla Shares Despite Recent Price Drops

SEOUL, June 6 (Korea Bizwire) — South Korean investors are continuing to buy shares in electric vehicle leader Tesla Inc. despite the plunging price, data showed Sunday. Local investors bought US$1.03 billion worth of Tesla shares last month, the highest since last December, according to the data from the Korea Securities Depository. As such, South [...]

Foreigners Turn Net Buyers of S. Korean Stocks as Recession, China Woes Ease

Foreigners Turn Net Buyers of S. Korean Stocks as Recession, China Woes Ease

SEOUL, June 1 (Korea Bizwire) — Foreign investors have snapped a monthslong selling streak and turned to a buying mode for South Korean stocks, data showed Wednesday, amid eased worries over a global recession and China’s struggle with COVID-19 outbreaks. Foreigners scooped up a net 1.72 trillion won (US$1.38 billion) on the country’s main KOSPI [...]

Foreign Selling Reaches 15 tln Won in S. Korea This Year

Foreign Selling Reaches 15 tln Won in S. Korea This Year

SEOUL, May 22 (Korea Bizwire) — Foreign investors have sold nearly 15 trillion won (US$12 billion) worth of South Korean stocks this year through mid-May as they fled to safe haven assets amid growing stagflation worries, the country’s main bourse said Sunday. From Jan. 1 through Friday, foreign selling stood at 14.8 trillion won on [...]

Seoul Stocks Likely to Advance Next Week on Eased Fed, Ukraine Woes

Seoul Stocks Likely to Advance Next Week on Eased Fed, Ukraine Woes

SEOUL, March 19 (Korea Bizwire) — South Korean stock markets are expected to gain ground next week, as investors are likely to snap up oversold stocks amid eased uncertainty about the U.S. monetary policy and optimism for the Russia-Ukraine peace talks, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,707.02 [...]

Foreigners Stay Net Sellers of S. Korean Stocks for 2nd Month in Feb.

Foreigners Stay Net Sellers of S. Korean Stocks for 2nd Month in Feb.

SEOUL, March 14 (Korea Bizwire) — Foreign investors remained net sellers of South Korean stocks in February amid growing jitters over Russia’s invasion of Ukraine, data showed Monday. Foreigners offloaded a net 2.58 trillion won (US$2.09 billion) worth of local stocks last month, marking the second straight month of net selling, according to the data [...]

Seoul Stocks Likely to be Volatile Next Week amid Lingering Ukraine Uncertainties

Seoul Stocks Likely to be Volatile Next Week amid Lingering Ukraine Uncertainties

SEOUL, March 12 (Korea Bizwire) — South Korean stock markets are expected to continue to face volatile sessions next week, primarily due to persistent uncertainties in Ukraine and the upcoming monetary policy meeting by the U.S. Federal Reserve, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,661.28 points Friday, down [...]