AI Craze Drives Record Quarterly Foreign Flows to Korean Stocks

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

(Bloomberg) -- Investors’ frenzy over artificial intelligence drove the largest quarterly foreign inflow to South Korean shares, contributing to a global...

-- Investors’ frenzy over artificial intelligence drove the largest quarterly foreign inflow to South Korean shares, contributing to a global rally in AI-related stocks.Investors Spoiled for Choice With Top Ice Cream Makers for Sale

There may be room for more inflows, Goldman Sachs Group analysts including Timothy Moe noted in a recent report. Kospi’s foreign ownership remained “light” as $50 billion of investment fled the country between 2020 and 2022, they wrote. “Foreign investors are expected to keep buying Korean stocks in the cash market as there is momentum from the AI and rising visibility from the memory sector’s turnaround,” he said.Key Insights Using the 2 Stage Free Cash Flow to Equity, Wesfarmers fair value estimate is AU$69.95 With AU$68.40 share...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AI Craze Drives Record Quarterly Foreign Flows to Korean StocksInvestors’ frenzy over artificial intelligence drove the largest quarterly foreign inflow to South Korean shares, contributing to a global rally in AI-related stocks.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Solana's Market Share Surges as Memecoin Frenzy Drives Network ActivitySolana's daily market share has steadily increased from 9% to over 12% through the week, marking a significant shift in network fee capture. The surge in activity was driven by the launch of new memecoins and the influx of retail traders. The network saw a record-high of 2.1 million daily active users on March 17th. The memecoin frenzy also led to increased activity on Solana-based decentralized exchanges, and the total value locked surpassed $8 billion for the first time since January 2021. The network traffic has been beneficial for the native token, SOL.
Source: CryptoAmb - 🏆 22. / 68 Read more »