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[Alpha Biz=(Chicago) Reporter Paul Lee] Foreign investors sold nearly KRW 4 trillion in the local capital market last month. Foreigners continued to sell for three consecutive months.
Foreign investors sold a net KRW 3.112 trillion worth of stocks in the local stock market last month, according to a report released by the Financial Supervisory Service on the 8th. It has also been confirmed that it has taken out nearly 4 trillion won in total from the local capital market while net recovery of 696 billion won worth of money from the bond market.
Specifically, it sold a net 2.611 trillion won worth of stocks in the securities market and a net 501 billion won worth of stocks in the KOSDAQ market. As a result, foreigners' holdings of listed stocks in Korea (as of the end of October) amounted to 624.8 trillion won (27.2% of the market capitalization), down 38.9 trillion won from a month earlier.
By country, Norway (600 billion won) and Singapore (400 billion won) bought net, but Britain (-800 billion won) and Luxembourg (-500 billion won) sold net. In terms of holding balance, the United States accounted for the largest amount of KRW 259.3 trillion (41.5% of foreigners). It was followed by Europe with 191.6 trillion won (30.7%), Asia with 84.1 trillion won (13.5%) and the Middle East with 19.5 trillion won (3.1%). Europe accounted for 56.1 trillion won (9.0%), Luxembourg 38.7 trillion won (6.2%), Ireland 27.5 trillion won (4.4%), Asia 40 trillion won (6.4%), China 13.5 trillion won (2.2%), and Japan 13 trillion won (2.1%).
Foreigners are also seen throwing Korean bonds in the bond market. Foreigners bought a net 5.199 trillion won worth of goods and received a maturity repayment of 5.895 trillion won.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
