Foreign investors optimism increase, purchasing stocks in S-Korea
(MENAFN) Foreign investors resumed buying South Korean stocks in May for the first time in ten months, driven by optimism surrounding the recent change in government, according to data from the country's financial regulator.
Reports from the Financial Supervisory Service (FSS) indicated that overseas investors made net purchases totaling 2.01 trillion won (approximately 1.5 billion US dollars) in locally listed shares during May.
This marks a significant shift, with foreign investors turning into net buyers in both the main KOSPI index and the smaller KOSDAQ market, reflecting renewed confidence in the country's political and economic outlook.
The buying spree followed expectations of increased political stability after President Lee Jae-myung officially assumed office on June 4. His inauguration came after a snap election triggered by the removal of the previous president, who was ousted in December over a failed attempt to impose martial law.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
