Foreign Investors Resume Buying South Korean Stocks, Halting 13-Day Selling Streak

According to Yonhap Infomax, foreign investors purchased KRW 343.7 billion worth of South Korean stocks on July 9, ending 13 consecutive trading days of net selling. The resumed buying came as the Korean won recovered to near 1,500 per U.S. dollar, down from 1,550 reached the previous week. The shift marks a potential slowdown in foreign selling pressure, which had driven the won to its highest level in 17 years since the 2008 global financial crisis.
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