Observing the capital trend of Korean stocks in November, foreign buyers returned to Korean stocks in November this year, ending the withdrawal action for three consecutive months. This is mainly due to the imminent abolition of South Korea's foreign investment registration system, which has been implemented for more than 30 years, and the strong ignition of the stock prices of the semiconductor group, which has attracted foreign capital to strongly replenish Korean stocks.
Yonhap News Agency and other Korean media reported that according to statistics released by the South Korean Financial Supervisory Commission (FSS) on December 7, foreign investors bought more than 3 Korean stocks in November3 trillion won (about 25.)100 million US dollars), reversed the ** since August in a row of three months of oversold state, August dumped 118 trillion won, a further sell-off of 1 in September7 trillion won, in October it was oversold by 31 trillion won.
Foreign investors concentrated their firepower on semiconductor stocks in November, with Samsung Electronics overbuying 2 trillion won and SK hynix also buying more than 679 billion won.
Benefiting from foreign buying, the KOSPI index of South Korean stocks closed at 2,535 on November 30At 29 o'clock, November pulled out 11The impressive increase of 3% was the best monthly trend since November 2020.
As of the end of November, the total value of foreign holdings in South Korea was 6922 trillion won, accounting for 26 percent of the total market capitalization9%。
Analysts pointed out that foreign capital in November from the sale to buy, another major reason is that South Korea since 1992 has stipulated that foreign investors must register with the FSS in accordance with the law, and can only invest in South Korea after being approved, which will be officially abolished on December 14 this year.
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