[THE INVESTOR] South Korean asset management companies’ dealings in overseas stocks have shrunk by nearly a quarter, due mainly to bearish Chinese markets, data showed on Aug. 4.

According to the Korea Securities Depository, local asset management companies conducted 28,362 transactions involving overseas stocks during the first six months of the year. Compared to the same period last year, the figure is 22.85 percent lower. The data showed that transactions involving stocks listed in Hong Kong fell 34.2 percent. 



Transactions involving US stocks accounted for the largest part followed by those on Japanese and Chinese markets.

US stocks accounted for 25.5 percent of all relevant transactions, while those listed in Japan and China accounted for 15.6 percent and 15.5 percent, respectively.

Hong Kong listed stocks accounted for 15.1 percent of the transactions.

By Choi He-suk (cheesuk@heraldcorp.com)