Foreigners Net Sold 2.5 Trillion Won Last Month... 'Selling' for Two Consecutive Months
[Asia Economy Reporter Ji Yeon-jin] Last month, foreigners continued their 'selling' trend for the second consecutive month this year by net selling more than 2.5 trillion KRW of domestic listed stocks.
According to the 'February Foreign Securities Investment Trends' announced by the Financial Supervisory Service on the 14th, foreigners net sold 2.58 trillion KRW of listed stocks last month and net invested 3.95 trillion KRW in listed bonds, recording a total net investment of 1.37 trillion KRW.
Foreigners net sold 1.619 trillion KRW in the KOSPI market and 961 billion KRW in the KOSDAQ market, totaling 2.58 trillion KRW in net sales last month. However, as the corporate value of stocks held by foreigners increased, the value of foreign-held listed stocks rose by 2.5 trillion KRW to 724.9 trillion KRW as of last month. This accounts for 28% of the total market capitalization.
While the Middle East and Asia regions net purchased 300 billion KRW and 200 billion KRW respectively, Europe recorded the largest net sales at 1.4 trillion KRW. The Americas region also recorded net sales of 700 billion KRW. In particular, the United Kingdom and the Cayman Islands net sold 1.3 trillion KRW and 1.1 trillion KRW respectively.
The holding scale was led by the United States at 293.2 trillion KRW, accounting for 40.4% of the total foreign holdings, followed by Europe at 222.3 trillion KRW (30.7%), Asia at 101.3 trillion KRW(14.0%), and the Middle East at 24.8 trillion KRW (3.4%).
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Foreigners net purchased 6.427 trillion KRW worth of listed bonds last month and redeemed 2.477 trillion KRW at maturity, resulting in a total net investment of 3.95 trillion KRW. As of the end of last month, the balance of foreign-held listed bonds increased by 4.2 trillion KRW from the previous month to 221.9 trillion KRW, maintaining a net investment trend since January of last year.
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