Foreign investors kept buying South Korean stocks and bond for two and eight months in a row respectively in August, financial watchdog data showed Monday.
Foreign net buying of local listed stocks amounted to 1.1 trillion won (976 million U.S. dollars) in August, according to the Financial Supervisory Service. Foreigners remained net buyers in the local stock for two straight months.
Investors from the United States, Singapore, Japan and China bought domestic shares, while those from Luxemburg, Saudi Arabia and Norway sold local stocks.
Foreign holdings of local shares reached 599.8 trillion won (532.7 billion U.S. dollars) as of end-August, accounting for 31.9 percent of the total market capitalization.
Foreigners made a net investment worth 4.5 trillion won (4 billion U.S. dollars) in the local bond market in August, remaining net buyers for the eighth consecutive month. The net investment means net bond buying minus maturing debts.
The European and the Middle East investors were net buyers in the domestic bond market amid the near-record-low policy rate.
The Bank of Korea (BOK) refrained from altering the target rate since the bank raised it to the current level of 1.50 percent in November last year from an all-time low of 1.25 percent.
Foreign ownership of local listed bonds stood at 114.3 trillion won (101.5 billion U.S. dollars) as of end-August, the biggest figure in the country's history. It took up 6.6 percent of the total listed domestic bonds. Enditem
Foreign net buying of local listed stocks amounted to 1.1 trillion won (976 million U.S. dollars) in August, according to the Financial Supervisory Service. Foreigners remained net buyers in the local stock for two straight months.
Investors from the United States, Singapore, Japan and China bought domestic shares, while those from Luxemburg, Saudi Arabia and Norway sold local stocks.
Foreign holdings of local shares reached 599.8 trillion won (532.7 billion U.S. dollars) as of end-August, accounting for 31.9 percent of the total market capitalization.
Foreigners made a net investment worth 4.5 trillion won (4 billion U.S. dollars) in the local bond market in August, remaining net buyers for the eighth consecutive month. The net investment means net bond buying minus maturing debts.
The European and the Middle East investors were net buyers in the domestic bond market amid the near-record-low policy rate.
The Bank of Korea (BOK) refrained from altering the target rate since the bank raised it to the current level of 1.50 percent in November last year from an all-time low of 1.25 percent.
Foreign ownership of local listed bonds stood at 114.3 trillion won (101.5 billion U.S. dollars) as of end-August, the biggest figure in the country's history. It took up 6.6 percent of the total listed domestic bonds. Enditem
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