JPMorgan Buys Cheapest Korean Stocks Since 2009 as Profits Rise

JPMorgan Buys Cheapest Korean Stocks Since 2009 as Profits Rise

SeongJoon Cho/Bloomberg

International investors sold a combined $14.3 billion of equities last month in the nine Asian emerging markets tracked by Bloomberg, led by South Korean outflows of $4.5 billion, which were the largest since August 2011.