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Foreign investors remain net sellers of local stocks in January

Financial Supervisory Service (Yonhap)
Financial Supervisory Service (Yonhap)
Foreign investors remained net sellers of South Korean stocks last month, extending their selling spree for a second consecutive month, data showed Monday.

Foreigners sold a net 2.65 trillion won ($2.35 billion) worth of local stocks in January, according to the data from the Financial Supervisory Service (FSS).

American investors sold a net 3.43 trillion won of stocks last month, while Singapore's investors net purchased 1.6 trillion won worth of stocks, according to the FSS.

As of end-January, local stocks held by foreign investors came to 787.9 trillion won, accounting for 31.6 percent of the country's market capitalization.

Foreigners also bought a net 1.15 trillion won worth of local bonds last month.

Their bond holdings were valued at 151.5 trillion won, or 7.3 percent of the total as of end-January. (Yonhap)

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