Foreigners sell S.Korean stocks for 4 months

0

SEOUL, Dec. 16 (Xinhua) — Foreign investors sold South Korean stocks for four straight months through November, financial watchdog data showed Monday.

Foreign net selling of local listed stocks amounted to 2.84 trillion won (2.4 billion U.S. dollars) in November, keeping the net selling trend for the fourth consecutive month since August, according to the Financial Supervisory Service (FSS).

U.S. investors were the biggest foreign seller in the local stock market. British and Irish investors were net buyers last month.

Foreign holdings of domestic listed stocks reached 558.4 trillion won (476.6 billion U.S. dollars) as of end-November, accounting for 33.1 percent of the total market capitalization.

In the bond market, offshore investors bought a net 1.39 trillion won (1.2 billion U.S. dollars) worth of listed bonds in November, but 3.16 trillion won (2.7 billion U.S. dollars) worth of bonds matured in the month.

In total, 1.77 trillion won (1.5 billion U.S. dollars) worth of foreign fund flowed out of the domestic bond market in November.

Foreign ownership of local listed bonds reached 124.8 trillion won (10.7 billion U.S. dollars) at the end of last month, down 1.8 trillion won (1.5 billion U.S. dollars) from a month earlier.

Share.

About Author

Leave A Reply