Cybersecurity
Aberdeen Favors Korea Stocks as Foreign Funds Look Past Politics
- China recovery, commodities rebound counter weakness in Korea
- Strong yen prompts foreign funds to switch into Korean stocks
This article is for subscribers only.
An election upset, rising joblessness, a slowing economy. Global funds say it will take more than that to keep them away from South Korea’s rallying stocks.
Overseas investors including Aberdeen Asset Management Plc are snapping up shares at the fastest pace in almost a year, sending the Kospi index 10 percent higher since mid-February. Rebounding commodities and higher demand in China are outweighing political upheaval in Korea. Meanwhile, emerging markets in Asia are soaring as investment flows shift away from Japan because of a stronger yen.