AI momentum drives record foreign inflows to South Korean stocks, raising foreign ownership of the Kospi to 34.42%.

AI enthusiasm fuels record quarterly foreign inflows to South Korean stocks, driving foreign ownership of the Kospi to 34.42% - the highest since Q2 2021. Samsung Electronics and SK Hynix received $4.1B and $1.3B respectively. Despite potential profit-taking, Goldman Sachs predicts global investors will continue buying Korean stocks annually, due to AI momentum and the memory sector's turnaround.

March 31, 2024
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