Foreigners maintain net selling of Korean stocks, buying bonds from May
Foreign investors maintained their position of net selling Korean equities and buying bonds throughout the year, according to data from the Financial Monitoring Service released on Sunday.
Non-Korean nationals sold stocks worth 1.61 trillion won ($1.26 billion) in May. Their net sale reached 1.67 trillion won in January, 2.5 trillion won in February, 4.86 trillion won in March and 5.29 trillion won in April.
Foreigners sold 1.28 trillion won on the Kospi and 328 trillion won on the Kosdaq. American nationals lost the lion’s share with 1.1 trillion won, followed by Asians with 400 billion won, Europeans and Middle Easterners with 100 billion each.
So far, Americans have held 283.9 trillion won of Korean stocks, or 40.8% of listed members, followed by 210.60 trillion won or 30.3% by Europeans, 96.30 trillion or 13.8% by Asians and 22.70 trillion won or 3.3% by Arabs. At the end of May, foreign stock holdings stood at 695.85 trillion won, or 26.8% of the total market capitalization.
Foreigners remained loyal to Korean bonds, buying bonds worth 6.45 trillion won net, while repaying 5.85 trillion won at maturity to register a net investment of 1.37 trillion won. At the end of May, foreigners held 225.8 trillion won of Korean debt. Their detention has reached a new high since January last year.,
By Kim Myung-hwan and Jenny Lee
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