Foreigners Sell Record 44.7 Trillion Won of Kospi Stocks in May
Summary
- Foreign investors were net sellers of 44.715 trillion won on the Kospi this month, the largest monthly total on record.
- The selling was interpreted as profit-taking by foreign investors after the Kospi's sharp rally this year.
- Foreign investors were net buyers of 2.837 trillion won on the Kosdaq, also a monthly record, amid the launch of the National Growth Fund and rising expectations that Kosdaq-listed companies would benefit.
Forecast Trend Report by Period
Foreign investors were net sellers of more than 44 trillion won on the Kospi this month, the biggest monthly selloff on record.
Data from the Korea Exchange showed foreign investors were net sellers of 44.715 trillion won on the Kospi in May. That marked the largest monthly net sale by foreign investors in the market's history. The selling appears to reflect profit-taking after the Kospi's sharp gains this year.
Foreign investors also appeared to shift from the Kospi into the Kosdaq. They were net buyers of 2.837 trillion won on the Kosdaq this month, also a monthly record. The buying was interpreted as reflecting growing expectations that Kosdaq-listed companies would benefit following the recent launch of the National Growth Fund.
Lee Su, Hankyung.com reporter, 2su@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
