The Korea Herald

지나쌤

Foreign investors' stock sell-offs extended in Feb.

By Yonhap

Published : March 8, 2021 - 08:56

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Financial Supervisory Service headquarters in Yeouido, Seoul (Yonhap) Financial Supervisory Service headquarters in Yeouido, Seoul (Yonhap)
Foreign investors remained net sellers of South Korean stocks last month, extending their selling spree for a third consecutive month, data showed Monday.

Foreigners sold a net 3.24 trillion won ($2.87 billion) worth of local stocks in February, according to the data from the Financial Supervisory Service (FSS).

American investors sold a net 1.37 trillion won of stocks last month, while investors from the Cayman Islands net purchased 840 billion won worth of stocks, according to the FSS.

As of end-January, local stocks held by foreign investors came to 797.5 trillion won, accounting for 31.6 percent of the country's market capitalization.

Foreigners also bought a net 8.98 trillion won worth of local bonds last month.

Their bond holdings were valued at 161.5 trillion won, or 7.7 percent of the total, as of end-February. (Yonhap)