POSCO most popular bet among foreigners on better-than-expected earnings
May 6, 2016
South Korea's steelmaking giant POSCO was the most popular option in the stock markets in the second quarter for foreign investors, market data showed Friday, amid improving sentiments helped by its better-than-expected earnings. According to the data by the Korean Exchange and others, foreign investors bought a net 328.4 billion won (US$284.5 million) worth of POSCO stocks on the Seoul bourse during the April-June period. This represented the largest portion of foreign net buying, which came to