For­eigner re­main net buy­ers of bonds

The Korea Times - - FINANCE -

For­eign in­vestors con­tin­ued to scoop up lo­cal shares and bonds in the first seven months of the year, the cen­tral bank said Tues­day, pos­si­bly re­flect­ing their con­fi­dence in the coun­try’s strong eco­nomic fun­da­men­tals de­spite sag­ging ex­ports and slug­gish growth.

In the Jan­uary-July pe­riod, for­eign­ers pur­chased a net $8.71 bil­lion worth of stocks while also buy­ing a net $16.43 bil­lion worth of bonds, the Bank of Korea (BOK) said in a re­port.

In to­tal, for­eign­ers bought a net $25.13 bil­lion worth of lo­cal shares and bonds, al­ready ex­ceed­ing the an­nual to­tals of $21.11 bil­lion in 2018 and $17.47 bil­lion the year be­fore.

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