AI Craze Drives Record Quarterly Foreign Flows to Korean Stocks

-- 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...

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