Foreigners maintain net-selling in Korean stock, bond markets
Foreign investors were net sellers both in the South Korean stock and bond markets in October amid a worldwide stock rout, the central bank said Friday.
Foreigners offloaded a net $4.03 billion worth of Korean shares last month, ending their three-month buying mode, according to the Bank of Korea (BOK).
It is the largest monthly net selling in the stock market since June 2013, when foreign selloffs hit $4.63 billion.
Meanwhile, they also dumped a net $230 million in the local bond market in October, extending their selling streak to two straight months.
But the amount of selling dropped from the $1.98 billion tallied in the previous month.
In total, foreigners reduced their equity holdings by a net $4.27 billion in the Korean financial market in October, marking the largest monthly figure since September last year.