Seoul: Foreign ownership of Korean stocks as a share of total market capitalisation reached its highest level in nearly six years in January, the main bourse operator said on Sunday.
According to Emirates News Agency, foreign investors' stock holdings accounted for 37.18 percent of total market capitalisation as of 7th January, marking the highest level since 9th April 2020, when the figure stood at 37.34 percent. The increase was largely attributed to offshore investors' strong buying of semiconductor shares in the second half of last year.
Additionally, there has been increased investment in shipbuilding, defence, and nuclear power stocks this month, contributing to the rise in foreign ownership of Korean stocks. The data was provided by the Korea Exchange, reflecting a growing interest among foreign investors in these sectors.