Off the wire
• Spotlight: Foreign experts pay close attention to "key words" of China's ongoing two sessions  • Tokyo stocks end slightly higher on hopes for ECB meeting, U.S. jobs report  • 29 militants killed in Afghanistan in 24 hours: MoI  • Roundup: Chinese finance becomes new drive to mired LatAm economies  • Xinhua Asia-Pacific news summary at 0600 GMT, March 5  • Anhui reports another H7N9 case  • LeBron overcomes another flagrant foul to lead Cavs over Raptors  • Gasol's last-second shot lifts Grizzlies over Rockets  • WHO intensifies support for Malawi, Mozambique following cholera outbreak  • Roundup: U.S. envoy to S. Korea injured in knife-wielding attack, alliance feared to worsen  
You are here: 　 Home

Foreigners start buying S.Korean stocks after selling for two months

Xinhua, March 5, 2015 Adjust font size:

Foreign investors turned into net buyers in the South Korean stock market on hopes for ample liquidity from the launch of quantitative easing in Europe, financial watchdog data showed Thursday.

Foreigners purchased a net 573 billion won (520 million U.S. dollars) worth of local listed stocks in February after dumping shares worth 1.93 trillion won in December and 949 billion won in January respectively, according to the Financial Supervisory Service (FSS).

The foreign purchase came as the European Central Bank (ECB) decided to launch its asset-purchasing program in March, boosting expectations for ample liquidity in the global market.

Foreign holdings of domestic stocks totaled 437.5 trillion won as of end-February, accounting for 30.7 percent of total market capitalization.

The largest buyer was Swiss investors who bought stocks worth 589.6 billion won in February. It was followed by Japanese and U.S. investors who purchased shares worth 271.2 billion won and 250 billion won respectively.

Foreigners made a net investment in local bonds worth 600 billion won in February. The net investment indicates net bond buying minus maturing debts.

Net bond buying was 4.3 trillion won in February from 1.4 trillion won in January. Maturing debts amounted to 3.7 trillion won last month. Endi