With the KOSPI index setting new records day after day, foreign ownership of KOSPI stocks reached a ten-year high. According to the Korea Exchange on May 7, the KOSPI index reached an all-time high on May 4 when foreign ownership of KOSPI stocks amounted to 534.11 trillion won.
The share of foreign investors in overall KOSPI market capitalization stood at 36.72 percent, the highest since 36.73 percent set on May 25, 2007.
So far this year, foreign investors have net-purchased 6.75 trillion won worth of stocks, while individual and institutional investors each net-sold 3.64 trillion won and 5.54 trillion won.
During the same period, however, foreign investors' net-buying of KOSDAQ stocks remained low at 465.7 billion won, with the share of foreign investors in overall KOSDAQ market capitalization estimated at only 10.84 percent.
The growth of the KOSDAQ market was led mainly by individual investors who net-purchased 1.39 trillion won from January 1 to May 4, 2017. The KOSPI index rose by 10.6 percent this year, dwarfing the KOSDAQ index's 0.6 percent growth.