Apple was top pick of South Korean investors among foreign companies in quarter four 2019

The Korea Herald says Apple was the top pick by South Korean investors among foreign companies during the fourth quarter of 2019 as local investors joined the rush to buy shares in the company in hopes of it making a rally.

Apple outperformed all other market-leading tech shares in 2019, rising 86%, as its new products, such as the Apple Watch 5 series, drew better-than-expected market response. According to the data compiled by the Korea Securities Depository (KSD), South Korean investors net bought US$59.3 million worth of Apple stocks, the largest tally among all foreign companies during the October-December period of 2019.