Foreign exodus from Korea? More rebalancing than retreat: analysts

Offshore investors’ heavy selling of South Korean equities this year appears to be driven more by portfolio rebalancing than a fundamental shift in sentiment, analysts said. While foreign investors have offloaded a net 50.76 trillion won ($34.2 billion) worth of shares so far this year through Friday, analysts point to rebalancing of Korea’s portfolio weighting as the key driver. “Korea’s recent equity outperformance may have pushed its weighting within global pension and sovereign wealth fund p

By The Korea Herald