Rebound in Foreign Stock Buying: American investors...

Rebound in Foreign Stock Buying: American investors added $1.5 billion to their holdings of foreign stocks last year, reversing the net sales of 1987, the Securities Industry Assn. reported. In 1987, the year of the crash, Americans had sold $1.1 billion more of foreign stocks than they bought, the group said. Meanwhile, foreigners sold more U.S. stocks than they bought last year by a margin of $2.1 billion, compared to net purchases of $16.3 billion in 1987. Foreign investment in all kinds of U.S. securities rose to $75 billion last year from $69.4 billion in 1987, according to the survey, which covered investors in Britain, the United States, West Germany, Japan and Canada.