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Foreigners sell S. Korean stocks in January

SEOUL
2022-02-14 13:45

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SEOUL, Feb. 14 (Xinhua) -- Foreign investors sold South Korean stocks last month, marking the first foreign net sale in three months, financial watchdog data showed Monday.

Foreigners offloaded a net 1.68 trillion won (1.4 billion U.S. dollars) worth of local stocks in January, after purchasing domestic shares in November and December last year, according to the Financial Supervisory Service.

U.S. investors were net buyers in the local stock market, but those from Europe, Asia and the Middle East dumped local stocks last month.

Foreign holdings of domestic shares amounted to 722.5 trillion won (602.7 billion U.S. dollars) at the end of January, accounting for 28.2 percent of the total market capitalization.

Offshore investors purchased a net 6.75 trillion won (5.6 billion U.S. dollars) worth of local listed bonds in January.

Given the maturing debts worth 3.08 trillion won (2.6 billion U.S. dollars), the foreign net investment in local bonds came to 3.67 trillion won (3 billion U.S. dollars) last month.

Foreign ownership of local bonds reached a fresh high of 217.8 trillion won (181.7 billion U.S. dollars) at the end of January.
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