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Stock impact report

Record $8 Billion of Foreign Funds Flock to Korea on Reform Bets [Yahoo! Finance]

KB Financial Group Inc (KB) 
US:NYSE Investor Relations: kbfg.com/eng/ir/main/ir_main.jsp
Company Research Source: Yahoo! Finance
(Bloomberg) -- Global investors are piling into South Korean stocks like never before, wagering that the long-time corporate governance laggard is finally springing into action. Most Read from Bloomberg Your 401(k) Will Be Gone Within a Decade Capital One to Buy Discover for $35 Billion in Year's Biggest Deal Largest Covid Vaccine Study Yet Finds Links to Health Conditions Stocks Fall Before Nvidia's Must-Watch Earnings: Markets Wrap US Tells Allies Russia May Launch Anti-Satellite Nuclear Weapon Into Space This Year Foreign funds scooped up 10.2 trillion won ($7.7 billion) of Kospi shares so far this year, the most for the corresponding period since exchange data going back to 1999, according to Bloomberg calculations. The benchmark, which started the year on the backfoot, saw its fortunes reverse as the government touted Japan-like reforms to boost equity valuations. While it's not the first time that Korea has sought to resolve the market's perennial discount versu Show less Read more
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