Thursday, September 5th, 2013
On September 3, foreign investors net-bought 230.2 billion won worth of shares, continuing an eight-day run despite the possibility of U.S. monetary authorities to end their quantitative easing policy very soon higher than ever. For the past eight trading days, foreigners have net-bought Korean shares worth 1,838.5 billion won, focusing on blue-chip stocks such as Samsung Electronics (867.7 billion won), Naver (326.5 billion won), Hyundai Motor (229.9 billion won), and Kia Motors (149.8 billion won).
Market watchers commented that most money flowed out of the Indian and Indonesian markets moved in to Korean markets deemed less vulnerable but undervalued. During the month of August, investors net-sold shares worth US$946.53 million and $5,422.62 million in India and Indonesia while net-buying $2,051.62 shares in Korea.
