Institutional investors in South Korea lifted their holdings of foreign securities last year amid the global stock rally, central bank data showed Thursday. Foreign currency-denominated securities invested by financial institutions were 74.28 billion dollars as of the end of 2013, up 14.1 percent, or 9.17 billion dollars, from a year earlier, according to the Bank of Korea (BOK). The rise came amid higher global stock prices. Stocks in Japan, the United States and Europe surged 56.7 percent, 26.5 percent and 17.9 percent each last year, offsetting a fall in China and Brazil. Domestic asset managers and insurers raised their holdings of the so-called Korean Paper, which refers to foreign currency- denominated securities sold overseas by the South Korean government, financial institutions and firms. Outstanding overseas stocks held by local institutions increased by 760 million dollars in 2013 from a year earlier, and those for foreign bonds and the Korean Paper expanded by 4.45 billion dollars and 3.97 billion dollars each last year.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor