Foreigners shift to net sellers last month vs month earlier

Foreigners turned net sellers of South Korean stocks in April from a month earlier, with their stock holdings on the local exchanges reaching 32 percent of all listed shares, the financial regulator said Saturday.

Last month, foreign investors sold a net 2.204 trillion won ($2.1 billion) worth of local stocks, a reversal from net purchases of 123 billion won worth of stocks a month earlier, data from the Financial Supervisory Service showed.