South Korea’s $300 billion state pension fund has purchased a net $257.2 million worth of shares, Reuters reports. The shares were bought to stem a sell-off that had pushed Seoul stocks down almost 5% amid a global market rout. The fund bought a combined $229.49 million on Aug. 3, 2011. The faltering U.S. economy and Europe’s debt crisis are leading investors to sell riskier assets.

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