Foreign investors turned to net buyers of Korean stocks in November

Bomi Yoon

The Financial Supervisory Service building is shown in this June 13, 2019 file photo. Korea Times file

Foreign investors turned to net buyers of Korean stocks last month, ending their three-month selling spree, data showed Thursday.

Foreigners purchased a net 3.3 trillion won ($2.5 billion) worth of local stocks in November, according to the data from the Financial Supervisory Service (FSS).

They had net sold 1.18 trillion won worth of shares in August, followed by a net selling of 1.7 trillion won in September and 3.1 trillion won the following month.

Investors from Britain purchased a net 3.48 trillion won worth of local shares, while those from the United States purchased a net 763 billion won. Investors from Malaysia sold a net 218 billion won, with those from Saudi Arabia net selling 184 billion won.

As of end-November, local stocks held by foreign investors came to 692.2 trillion won, accounting for 26.9 percent of the country’s market capitalization. The reading dropped slightly from 27.2 percent tallied a month earlier, according to the FSS.

Meanwhile, foreign investors net purchased 5.37 trillion won worth of local bonds in November, also turning to net buyers after a three-month selling streak.

Their bond holdings stood at 244.1 trillion won as of end-November, which marked a 2.5 trillion-won rise from a month before while accounting for 9.8 percent of all outstanding bonds in the country. (Yonhap)

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