Foreigners Sell off Korean Shares
International investors seem step by step to be leaving the Korean stock market because the gap in benchmark hobby charges between Korea and the U.S. stays at a historical two percent.
They’ve been promoting their Korean shares and bonds since August.
In step with the Financial Supervisory Service on Thursday, foreigners supplied W1.2 trillion rate of shares on the major Korea Composite Stock Sign Index and W498 billion rate on the junior Kosdaq final month (US$1=W1,357).
That left them with W663.7 trillion rate of Korean shares as of slow September, accounting for 26.7 percent of total market cap.
Individuals held W274.3 trillion rate to tainted on the halt and story for 41.3 percent of international possession, adopted by Europeans with W203.7 trillion (30.7 percent), Asians with W88.8 trillion (13.4 percent) and Center Easterners with W20.6 trillion (3.1 percent).
Last month foreigners supplied W8.016 trillion rate of listed bonds in Korea but obtained W8.653 trillion in main funds, ensuing in a get hold of redemption of W637 billion, a 2nd month of outflows. They owned W242.4 trillion rate of Korean bonds, down by W100 billion when compared to August and accounting for 9.8 percent of listed bonds.
Center Eastern investors bought W300 billion rate of bonds, and Asians and Individuals W300 billion every. But Europeans redeemed W500 billion. Asians owned W114.2 trillion rate of Korean bonds to story for 47.1 percent of the general and Europeans W71.4 trillion to story for 29.4 percent.
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