South Korean Pension Fund Net Buys Stocks in July, Eases 74 Trillion Won Selling Pressure
South Korea's National Pension Service (NPS) unexpectedly turned net buyer of domestic stocks in July, significantly increasing its holdings of SK Hynix. The move defied market expectations of a 74 trillion won selling pressure, which did not materialize. The NPS's shift to net buying provided support to the local equity market, as investors had been bracing for a potential wave of selling from the pension fund.
South Korea's National Pension Service (NPS) turned to net buying of Korean stocks in July and significantly increased its position in SK Hynix. The 74 trillion won selling pressure that the market had been watching did not materialize.