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)