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According to Pulse by Maeil Business News Korea,
Offshore investors net purchased $3.42 billion in Korean shares listed on the main Korea Composite Stock Price Index (Kospi) and secondary Korea Securities Dealers Automated Quotations (Kosdaq) during the first half of this year.
According to the Korea Exchange (KRX) on Monday, foreign investors purchased a net $15 billion worth of stock from Asian markets excluding China and Japan between January and June this year. The overseas investors had been net buyers of Asian shares since 2012 but turned to selling of $3.2 billion last year. Their net selling returned to purchase this year.
In Korea, the offshore investors sold a net $2.8 billion worth shares last year but bought a net $3.42 billion during January-June period this year. Taiwanese shares were Asian favorite when excluding Chinese and Japanese markets, drawing in a net purchase of $6.2 billion.
In Vietnam, foreign investors shifted to net selling of $80 million during the first half after keeping up a net purchase for five years in a row.
Foreign investors dumped $504 million in Asian shares on June 24 following the surprising outcome of a British vote to leave the European Union. But they returned, purchasing $579 million in shares across Asia during the last five trading days of June.
By Yong Hwan-jin
Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.
Source: Pulse by Maeil Business News Korea (Jul. 4, 2016)