Korean investors rush back to US stocks on stronger won

A stronger South Korean won is encouraging local investors to step up their purchases of US stocks again, as a stronger currency makes dollar assets cheaper in won terms. According to the Korea Securities Depository, the outstanding value of US stocks held by residents in Korea stood at $191.84 billion as of Wednesday. The figure rose from $171.46 billion at the end of July and $188.36 billion at the end of August, continuing its upward trend into September. While Korean investors' purchases of

Source: The Korea Herald