Foreigners Net Sell 3.87 Trillion KRW of Domestic Listed Stocks in June... 6 Consecutive Months of 'Selling'
[Asia Economy Reporter Lee Jung-yoon] It has been confirmed that foreigners net sold approximately 3.873 trillion KRW worth of domestically listed stocks last month. The proportion of foreign-held market capitalization recorded was in the 26% range.
According to the "June Foreign Securities Investment Trends" announced by the Financial Supervisory Service on the 11th, foreigners net sold 3.873 trillion KRW in listed stocks and net redeemed 934 billion KRW in listed bonds last month, resulting in a total net redemption of 4.807 trillion KRW. Stocks recorded net selling for six consecutive months, while bonds switched to net redemption for the first time in 18 months.
As of the end of last month, foreigners held 593.7 trillion KRW in listed stocks, accounting for 26.4% of the market capitalization. Foreigners net sold stocks worth 3.701 trillion KRW in the KOSPI market and 172 billion KRW in the KOSDAQ market. The net selling scale from the European region was identified as 3.5 trillion KRW, and the Middle East region net sold 100 billion KRW. Asia and the Americas net bought 200 billion KRW and 100 billion KRW respectively. The holding scale showed that the United States accounted for 243.5 trillion KRW, or 41% of the total foreign holdings. This was followed by Europe with 178.6 trillion KRW (30.1%), Asia with 82 trillion KRW (13.8%), and the Middle East with 19.7 trillion KRW (3.3%).
Last month, foreigners net purchased 10.543 trillion KRW in listed bonds and redeemed 11.477 trillion KRW at maturity, resulting in a total net redemption of 934 billion KRW. Foreigners’ holdings of listed bonds amounted to 228.9 trillion KRW, accounting for 9.9% of the total listed balance. The month-end holdings of foreigners have continuously set record highs since January of last year.
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By region, the Americas net redeemed 800 billion KRW, Asia net redeemed 600 billion KRW, while Europe net invested 500 billion KRW and the Middle East net invested 400 billion KRW. The holding scale showed Asia holding 102.4 trillion KRW, accounting for 44.7% of the total. Europe followed with holdings of 72.9 trillion KRW (31.9%).
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