finance
Foreign Investors Sell $22 Billion of South Korean Stocks in May
Foreign investors have sold $22 billion of South Korean stocks so far in May, on pace for the largest monthly outflow on record. Year-to-date sales total approximately $60 billion in KOSPI stocks.
May 21, 11:21 AM·1m read1 source
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Foreign investors have sold $22 billion of South Korean stocks so far in May, on track for the largest monthly outflow on record. Year-to-date, overseas investors have offloaded approximately $60 billion in KOSPI stocks, on pace for the largest annual sale on record.
Most of the sales have been concentrated in Samsung and SK Hynix stocks. Approximately $20 billion has been sold in SK Hynix alone year-to-date, including $12 billion so far in May. 7 billion. Global investors are one of the largest owners of South Korean equities, accounting for approximately 39 percent of the total KOSPI index market cap.
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