REIT AsiaPac

Sign up for our newsletter

Foreign demand for chip stocks powers Kospi to 1-year high (Korean Economic Daily)

June 3, 2023 – South Korea’s main bourse Kospi on Tuesday (May 30) hit its highest closing since June last year, boosted by foreigners’ net buying in semiconductors and electric & electronic shares.

The Kospi rose 1.04% to close at 2585.52 on May 30, its highest point since reaching 2595.87 on June 10, 2022. Foreigners net bought 672.9 billion won ($509 million) worth of stocks on the day, while local individual and institutional investors net sold 542.7 billion won and 112.4 billion won worth of shares, respectively. Read more here.