Foreigners again sell Korean stocks in Sept.
SEOUL, Oct. 30 (Yonhap) -- Foreign investors again turned to net sellers of Kore...
Last month, foreign investors sold 19.11 trillion won worth of Korean stocks, marking a return to net selling after seven months of persistent losses, according to data from the Financial Supervisory Service (FSS). This selling activity was driven by heightened geopolitical uncertainties and concerns over the profitability of artificial intelligence (AI) investments. In contrast, the previous month, foreign investors had actually purchased stocks, netting a gain of 344 billion won.
Following their net sales in September, foreign investors owned 2,296 trillion won worth of local stocks, representing 34.8 percent of the total market capitalization. The United Kingdom led the offshoring activity, selling a net 6.9 trillion won worth of local stocks, followed closely by investors from the United States who sold 3.9 trillion won.
Meanwhile, the local bond market saw foreign investors making net purchases of 127 billion won worth of local debt. As of the end of September, foreign investors held 322.9 trillion won worth of Korean bonds, accounting for 11.2 percent of listed bonds in the country.
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