emirates7 - Foreign investors logged their highest net purchases on South Korea’s main stock index in 17 months this July, according to data released Sunday by Yonhap.
Figures from the Korea Exchange (KRX) that offshore investors bought a net 6.28 trillion won (approximately US$4.52 billion) worth of shares on the Korea Composite Stock Price Index (KOSPI) in July. This marks the largest monthly net buying since February 2023, when foreign investors recorded 7.858 trillion won in net purchases.
The July figure was more than double June’s net buying of 2.69 trillion won.
Previously, foreign investors had been net sellers from August 2024 through April, sustaining that trend for nine consecutive months. However, in May, they reversed course with net purchases of about 1 trillion won, maintaining a net buying streak for three consecutive months through July.
This sharp increase in foreign buying is largely attributed to renewed optimism surrounding the new government's plans to stimulate the stock market, as well as expectations of a potential tariff agreement between South Korea and the United States.
Market sentiment was further lifted by the announcement of a major supply contract between Samsung Electronics and Tesla.
Samsung Electronics emerged as the most heavily purchased stock by foreign investors in July, with net buying totaling 3.49 trillion won—accounting for 56% of total foreign purchases on the KOSPI.
Hanwha Ocean, a leading shipbuilder, ranked second with 858 billion won in net foreign buying, driven by expectations of enhanced cooperation with the U.S.
Boosted by the strong foreign demand, the KOSPI gained 5.7% in July.
Figures from the Korea Exchange (KRX) that offshore investors bought a net 6.28 trillion won (approximately US$4.52 billion) worth of shares on the Korea Composite Stock Price Index (KOSPI) in July. This marks the largest monthly net buying since February 2023, when foreign investors recorded 7.858 trillion won in net purchases.
The July figure was more than double June’s net buying of 2.69 trillion won.
Previously, foreign investors had been net sellers from August 2024 through April, sustaining that trend for nine consecutive months. However, in May, they reversed course with net purchases of about 1 trillion won, maintaining a net buying streak for three consecutive months through July.
This sharp increase in foreign buying is largely attributed to renewed optimism surrounding the new government's plans to stimulate the stock market, as well as expectations of a potential tariff agreement between South Korea and the United States.
Market sentiment was further lifted by the announcement of a major supply contract between Samsung Electronics and Tesla.
Samsung Electronics emerged as the most heavily purchased stock by foreign investors in July, with net buying totaling 3.49 trillion won—accounting for 56% of total foreign purchases on the KOSPI.
Hanwha Ocean, a leading shipbuilder, ranked second with 858 billion won in net foreign buying, driven by expectations of enhanced cooperation with the U.S.
Boosted by the strong foreign demand, the KOSPI gained 5.7% in July.