Foreigners offloaded a net 3.87 trillion won (3 billion U.S. dollars) worth of local stocks in June, remaining net sellers in the domestic stock market for the sixth consecutive month, according to Financial Supervisory Service.
The foreign net sale came amid rising worry about global economic recessions, driven by high inflation and interest rate hikes in major economies.
Foreign holdings of local stocks amounted to 593.7 trillion won (456.1 billion U.S. dollars) at the end of June, taking up 26.4 percent of the total market capitalization.
Offshore investors bought domestic bonds worth 10.54 trillion won (8.1 billion U.S. dollars) in June.
However, given the maturing debts worth 11.48 trillion won (8.8 billion U.S. dollars), foreigners retrieved 940 billion won (722 million U.S. dollars) in the local bond market.
It marked the first foreign retrieval in 18 months since December 2020.
Foreign ownership of local bonds reached 228.9 trillion won (175.9 billion U.S. dollars) at the end of June, accounting for 9.9 percent of the total listed bonds.
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