Foreigners at 'Cell Korea' Net Sold 1.7 Trillion KRW in Domestic Stocks Last Month
Financial Supervisory Service Announces Foreign Investor Trends... 'Selling' for Two Consecutive Months
Last month, foreign investors continued their two-month streak of net selling domestic listed stocks, offloading approximately 1.7 trillion KRW.
According to the foreign securities investment trends announced by the Financial Supervisory Service on the 19th, foreigners net sold 1.712 trillion KRW worth of listed stocks in September. They net sold 1.214 trillion KRW in the KOSPI market and 498 billion KRW in the KOSDAQ market. Foreign investors also net sold 1.179 trillion KRW worth of listed stocks in August. This marks two consecutive months of net selling, with the selling volume last month increasing by more than 45% compared to August.
By country this month, the United States (1.8 trillion KRW) and Asia (800 billion KRW) were net buyers, while Europe (-3.7 trillion KRW) was a net seller.
As of the end of September, the balance of foreign holdings in listed stocks stood at 663.7 trillion KRW, down 15.4 trillion KRW from the previous month. This represents about 26.7% of the market capitalization. In the bond market, foreign investors net redeemed 637 billion KRW worth of listed bonds. They net purchased 8.016 trillion KRW in listed bonds and received 8.653 trillion KRW in matured repayments.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- Despite Warnings of "Do Not Enter, You May Not Make It Out Alive"... Foreign Tourist Stranded After Unauthorized Climb on Jeju Sanbangsan
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
By type, they net redeemed 800 billion KRW in government bonds and 300 billion KRW in monetary stabilization bonds. As of the end of September, foreigners hold 216.2 trillion KRW (89.2%) in government bonds. As of the end of last month, the balance of foreign holdings in listed bonds decreased by 100 billion KRW to 242.4 trillion KRW. This accounts for about 9.8% of the listed bond balance.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.