The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Senior US general warns of possible looming war with China

  • 3

    BLACKPINK sets 6 more Guinness records

  • 5

    Jang Keun-suk steps out of his comfort zone with 'The Bait'

  • 7

    ENA's new dating show to spotlight young adult's romance

  • 9

    Cabinet ministries turn deaf ear to watchdog's advice on sexual minorities

  • 11

    Seoul to work with Hanoi to pursue peace on Korean peninsula

  • 13

    Korea's rice consumption hits another low in 2022: data

  • 15

    To speak Korean

  • 17

    SK E&S retains gov't support for Barossa gas project in Australia

  • 19

    Indonesia celebrates 50th anniversary of diplomatic ties with Korea via virtual event

  • 2

    People attempt to cut surging heating costs with creative solutions

  • 4

    National pension anticipated to be fully drained in 2055: NPS

  • 6

    TXT brings together 'pansori' and fairy tale in new song 'Sugar Rush Ride'

  • 8

    Bad weather disrupts operation of Jeju airport again after 3 days

  • 10

    More Korean manufacturers enjoy Georgia's hospitality

  • 12

    Superintendent of Seoul Education Office gets suspended jail term

  • 14

    Opposition leader Lee claims innocence in corruption probe

  • 16

    Police to build disaster prediction system to prevent recurrence of Itaewon tragedy

  • 18

    12 websites still unavailable after Chinese cyberattacks

  • 20

    LGES to capitalize on US IRA, Tesla partnership to continue record earnings

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Sun, January 29, 2023 | 13:55
Markets
Are foreign investors returning to KOSPI?
Posted : 2022-11-30 15:35
Updated : 2022-11-30 15:50
Lee Min-hyung
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
Hana Bank dealers work in a trading room in Seoul, Tuesday. Yonhap
Hana Bank dealers work in a trading room in Seoul, Tuesday. Yonhap

By Lee Min-hyung

Foreign investors have gone on a buying spree of Korean shares for the past two months on growing hopes for a gradual end to the ongoing cycle of monetary tightening.

According to data from the Korea Exchange, foreign nationals purchased Korean shares worth 6.07 trillion won between Oct. 1 and Nov. 29. They focused on buying major large-cap tech stocks such as Samsung Electronics, LG Energy Solution and SK hynix.

As expected, Samsung Electronics topped the list, with foreign nationals purchasing shares of the firm worth 1.97 trillion won during the same period. LG Energy Solution came in second with 1.13 trillion won. The two companies are the nation's largest and second-largest companies by market capitalization.

Samsung SDI followed the list with 1.02 trillion won. SK hynix, another chip giant, also placed its name on the fourth most sought-after stock from foreign investors who purchased its shares, worth 650 billion won.

Market analysts said foreign investors returned to the local stock market on lingering expectations for the end of the rate hike cycle here and abroad.

"Foreign investors are expanding their buying spree on shares, the earnings momentum for which remains solid," Ahn Young-jin, an analyst at SK Securities, said. "Even if it appears too early to say that the economy will be able to achieve a rebound anytime soon, expectations are that the aggressive monetary tightening will be alleviated, which is a favorable factor for the local stock market."

In October, the portion of foreign investors' stock holdings in the Korean market reached 31 percent. This is the first time in five months since May that the figure reached more than 31 percent.

The figure for the secondary Kosdaq came in at 8.9 percent last month. But it slightly declined to 8.74 percent in November.

The aforementioned tech stocks also extended rallies for the past few months on foreign nationals' returns. Samsung Electronics shares hit this year's new low of 51,800 won on Sept. 30 amid sluggish chip industry conditions. But it has since achieved an outstanding rally, recovering to more than the 61,000-won mark as of Wednesday.

"Even if foreign investors do not engage in what appears to be an aggressive buying spree, they are not widening the selloff of local shares, which is a sign that they do not expect the main bourse to experience an additional downfall," Yuanta Securities analyst Jung In-ji said.


Emailmhlee@koreatimes.co.kr Article ListMore articles by this reporter
 
wooribank
Top 10 Stories
1People attempt to cut surging heating costs with creative solutions People attempt to cut surging heating costs with creative solutions
2Cabinet ministries turn deaf ear to watchdog's advice on sexual minorities Cabinet ministries turn deaf ear to watchdog's advice on sexual minorities
3More Korean manufacturers enjoy Georgia's hospitality More Korean manufacturers enjoy Georgia's hospitality
4Seoul to work with Hanoi to pursue peace on Korean peninsula Seoul to work with Hanoi to pursue peace on Korean peninsula
5Superintendent of Seoul Education Office gets suspended jail term Superintendent of Seoul Education Office gets suspended jail term
6SK E&S retains gov't support for Barossa gas project in Australia SK E&S retains gov't support for Barossa gas project in Australia
7Indonesia celebrates 50th anniversary of diplomatic ties with Korea via virtual event Indonesia celebrates 50th anniversary of diplomatic ties with Korea via virtual event
8LGES to capitalize on US IRA, Tesla partnership to continue record earnings LGES to capitalize on US IRA, Tesla partnership to continue record earnings
9Cambodian ministers highlight potential for growth, cooperation Cambodian ministers highlight potential for growth, cooperation
10KT&G aims to become global top-tier company KT&G aims to become global top-tier company
Top 5 Entertainment News
1BLACKPINK sets 6 more Guinness records BLACKPINK sets 6 more Guinness records
2Jang Keun-suk steps out of his comfort zone with 'The Bait' Jang Keun-suk steps out of his comfort zone with 'The Bait'
3TXT brings together 'pansori' and fairy tale in new song 'Sugar Rush Ride' TXT brings together 'pansori' and fairy tale in new song 'Sugar Rush Ride'
4Shunsuke Michieda overwhelmed by Korean fans' support for his coming-of-age film Shunsuke Michieda overwhelmed by Korean fans' support for his coming-of-age film
5ENA's new dating show to spotlight young adult's romance ENA's new dating show to spotlight young adult's romance
DARKROOM
  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

  • World Cup 2022 France vs Morocco

    World Cup 2022 France vs Morocco

wooribank
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group