South Korean stocks enjoy longest foreign buying spree

CNBC ^ | 10/21/2013 | Katie Holliday

[TexGrill]

Foreign investors are on their longest-ever buying spree of South Korean stocks – another sign that the country has emerged as a one of Asia's most popular safe-havens, analysts say.

Data on Monday showed foreign investors bought South Korean stocks for a 37th straight session, bringing the net total to more than 12.6 trillion won (US$ 11.8 billion), while the country's stock market closed at its highest level since August 2011.

(Read More: It's not easy being green, just ask South Korea)

The data follows a report from investment bank Morgan Stanley last week which highlighted South Korea as a relative 'safe haven' within the emerging market region.

"Korea now stands out as a safe haven for investors, especially amid global macro uncertainty," read the report, which referred to South Korea's turnaround from a country once crisis prone to one that has become increasingly resilient to external shocks.

[TexGrill]

Global business tip

[Aliska]

One of the financial gurus, either Larry Kudlow, Bob Brinker or a guest recommended looking for small cap emerging markets? emerging something.

What are some sound Korean companies on our exchanges? I'm a little dubious in light of N. Korea constant sabre rattling.