Foreigners remain net sellers of Korean assets for 6th month in July: BOK
Foreign investors remained net sellers of Korean securities for the sixth consecutive month in July, central bank data showed Thursday, amid a broader market readjustment. Offshore investors sold a net $21.65 billion worth of local stocks and bonds last month, following net sales of 30.72 billion in June, according to data from the Bank of Korea (BOK). They have remained net sellers since…
In July, foreign investors continued to sell Korean securities, marking the sixth consecutive month of net sales, according to data from the Bank of Korea (BOK). The foreign investors sold a total of $21.65 billion worth of local stocks and bonds in July, following a similar pattern in June. The sell-off has been attributed to a market readjustment, with the BOK noting that the stock market correction and geopolitical tensions have discouraged foreign investors from rebalancing their portfolios.
Additionally, the strengthening of the Korean won against the U.S. dollar can be attributed to reduced foreign portfolio rebalancing, as the greenback has recently been weak globally.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
