South Korea's National Pension Fund has become a net buyer of the KOSPI for the first time this year, with a major position in SK Hynix.

BlockBeats News, July 26th - According to data from a South Korean exchange, including the National Pension Service (NPS), one of the largest institutional investors in the South Korean stock market, pension funds have shifted to net buying for the first time this month. Data from the South Korean exchange shows that as of July 24th, the NPS and other pension funds have accumulated a net purchase of South Korea's KOSPI index stocks totaling 68.4 billion Korean won (approximately $46.8 million) in July.

This marks the first time this year that pension funds have achieved a net buying position in a single month after six consecutive months of net selling. Looking at specific stocks, SK Hynix has been the most bought stock by pension funds in July, with a net purchase amounting to 425.8 billion Korean won. (Jinse)