Currency traders watch their computer monitors near the screens showing the images of Republican presidential nominee former President Donald Trump and Democratic presidential nominee Vice President Kamala Harris, and the Korea Composite Stock Price Index (KOSPI), right, at a foreign exchange dealing room in Seoul, Nov. 6. AP-Yonhap
Foreign investors net sold South Korean stocks for the fourth consecutive month in November, data showed Tuesday.
Offshore investors sold a net 4.15 trillion won ($2.89 billion) worth of local stocks last month, extending their net selling to a fourth month, according to the data from the Financial Supervisory Service.
In October, foreign investors sold a net 4.38 trillion won of local stocks.
After the sell-off, foreigners owned 693.63 trillion won worth of local stocks, or 27.4 percent of total market capitalization, compared with 27.7 percent at the end of October.
By country, investors from the United States were the top net seller of local stocks, net offloading 1.39 trillion won worth of shares, followed by those from Luxembourg with 668 billion won and Singapore with 549 billion won.
Meanwhile, foreign investors purchased a net 1.48 trillion won worth of local bonds last month following the net buying of 5.52 trillion won the previous month.
Their holdings of local bonds had come to 270.01 trillion won as of end-November, accounting for 10.4 percent of all listed bonds here at end-November, the data showed. (Yonhap)
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