Korea Financial Market Trends in May 2024
- FMT(202406)
▣The KOSPI continued its upward trend due to easing geopolitical tensions in the Middle East and improved corproate performance, but experienced a downturn since late May mainly due to stock sales by foreign investors, particularly in the electrical and electronic industries.
▣The extent of growth in bank lending to the household sector expanded in May (+5.0 trillion won in April → +6.0 trillion won in May 2024), while the extent of growth in bank lending to the corporate sector decreased (+11.9 trillion won → +6.9 trillion won).
▣Deposit-taking by banks shifted to an increase in May (-32.8 trillion won in April 2024 → +25.0 trillion won in May), and funds under management at asset management companies also continued to grow (+16.6 trillion won → +17.6 trillion won)
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