A currency trader watches the computer monitors near the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between US dollar and South Korean won at the foreign exchange dealing room in Seoul. Foreign investors sold South Korean stocks for three straight months to April on worry about the Covid-19 outbreak across the world, financial watchdog data showed Monday .
SEOUL: Foreign investors sold South Korean stocks for three straight months to April on worry about the Covid-19 outbreak across the world, financial watchdog data showed Monday . Foreigners sold a net 5.39 trillion won worth of local shares in April, remaining net sellers in the domestic stock market since February according to the Financial Supervisory Service.Investors from the United States, France and Singapore were net sellers, but Saudi and Chinese investors purchased domestic shares last month.
Foreign holdings of local stocks reached 505 trillion won as of the end of April, accounting for 31.5% of the total market capitalization.Given the maturing debts worth 1.9 trillion won , the foreign net investment in the domestic bond market amounted to 7.5 trillion won . Foreign ownership of domestic bonds reached 140.5 trillion won as of end-April, taking up 7.3% of the total listed bonds. - Xinhua/Asian News Network