Foreign investors net buyers of Korean shares in December

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Foreign investors net buyers of Korean shares in December

An electronic board displays the closing price of the Kospi at Hana Bank in central Seoul on Monday. [NEWS1]

An electronic board displays the closing price of the Kospi at Hana Bank in central Seoul on Monday. [NEWS1]

 
Foreign investors net purchased more than 4 trillion won ($3.3 billion) of shares in December, taking their recent buying spree to two months.
 
They net invested 9.91 trillion won in listed securities last month, including 4.36 trillion won into shares and 5.56 trillion won into bonds, according to data from the Financial Supervisory Service released Monday.  
 
Foreign investors net purchased 3.7 trillion won of Kospi stocks and 662 billion won of Kosdaq stocks. In total, they owned 785.2 trillion won of listed stocks, or 28.7 percent of the total market cap, last month.  
 
U.S. investors net bought 2.4 trillion won of shares, those from Asia 1.2 trillion won, and investors from the Middle East 300 billion won. European investors net sold 100 billion won of shares.
 
Foreign investors net purchased 4.3 trillion-won worth of the government bonds and 1.2 trillion-won of monetary stabilization bonds.  
 
Investors from Asia net purchased 4 trillion won of bonds and those from the United States 1.2 trillion won. Investors from the Middle East net sold 200 billion won of bonds.
 
As of late December, 45 percent of the bonds owned by foreign investors were set to mature in one to five years, 28.7 percent in five years or more and 26.3 percent in less than a year.  
 
Domestic stocks have struggled this year on a massive selloff by institutional investors, which unloaded 4.76 trillion won of shares in the first five trading days of 2022.  
 
During that period, foreign investors net purchased 1.05 trillion won and retail investors 3.72 trillion won.  
 
Institutional investors sold semiconductors and IT stocks. They net sold 1.47 trillion won of Samsung Electronics shares and 416.6 billion won of SK hynix shares.  
 
The selling of dividend stocks following the ex-dividend date in December is seen as a reason for the major selloff this month.
 
 

BY JIN MIN-JI [jin.minji@joongang.co.kr]
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