Foreigners switched to the monthly KOSPI buying advantage in July despite adverse conditions in the domestic financial market, such as an inversion of interest rates between the US and Korea and a strong dollar.
According to the Korea Exchange on the 31st, foreigners net bought 2.32 trillion won worth of stocks in the stock market in July.
Foreigners' net buying of the KOSPI is the first in two months since May (128.3 billion won).
In June, foreigners dragged the index down with a selling advantage of KRW 5.581.6 trillion in the securities market.
The amount of net purchases by foreigners in the securities market in July is the largest since December last year, when they net bought KRW 3.398 trillion.
Thanks to such foreign buying, the KOSPI rose 5.10% from 2,332.64 at the end of June to 2,451.50 at the end of July.
On a monthly basis, the index successfully rebounded, turning up 2.17% for the first time in four months since March.
The monthly index increase is the highest since December 2020 (10.89%), just before the KOSPI broke 3,000.
The stock that foreigners bought the most in July was Samsung Electronics, a major stock, and as global semiconductor investment sentiment improved, foreigners showed an advantage in buying 546.1 billion won for a month.
Samsung Electronics' share price also rose 7.72% from 57,000 won at the end of June to 61,400 won at the end of July, recovering '60,000 electronics'.
Also, the stocks that attracted foreign buying were LG Energy Solution (467.9 billion won), SK Hynix (267.5 billion won), Hyundai Motor (178.5 billion won), and Samsung SDI (157.9 billion won).
(Photo = Yonhap News)