Foreigners buy record high S. Korean bonds, turn to net sellers of stocks in May

Foreigners buy record high S. Korean bonds, turn to net sellers of stocks in May


foreign investor spot a record a man of
South Korean bonds in May while dumping stocks over the same period according to
data by the Financial Supervisory Service foreigners bought six billion US
dollars of local bonds in May the most in a single month since October 2009 the
holdings of local debt by offshore investors stood a 100 1 billion dollars
at the end of last month making up 6.7 percent of the total market meanwhile
foreigners sold 2.4 7 billion dollars of local stocks of May amid the Korean wons
weakness against the US dollar offshore investors sold a total of 450 billion
dollars of local stocks at the end of May accounting for over 32 percent of
Korea’s total market cap

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