For­eign­ers main­tain net-sell­ing in Korean stock, bond mar­kets

The Korea Times - - FINANCE - (Yon­hap)

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.

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