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Seoul: Foreign investors net purchased nearly four trillion won worth of Korean stocks in August, despite the sharp depreciation of the Korean currency against the US dollar.
According to data by the Korea Exchange and reported by Yonhap News Agency, foreigners bought a net three-point-98 trillion won worth of local stocks last month.
Among individual shares, foreigners bought 578.8 billion won worth of LG Energy Solution stocks, 241.7 billion won worth of SK hynix stocks and 131.4 billion won worth of Samsung Electronics stocks.
Foreigners were net buyers in the past two months, with their stock purchases at 1.79 trillion won in July. But they turned net sellers this month, selling 674.8 billion won of stocks on Thursday and Friday amid the won's accelerating weakness against the greenback.
The dollar rose to 1,350 won on Aug. 29 and continued to strengthen to 1,362.6 won on Sept. 2, the weakest level in nearly 14 years since April 1, 2009, when the dollar traded at 1,379.5 won
