Foreign Investors Record Net Selling of Korean Stocks for Fifth Consecutive Month
BlockBeats News, July 14th. According to data released by the Bank of Korea on Tuesday, despite the rise of the Korean stock market driven by tech stocks, foreign investors continued to net sell Korean stocks for the fifth consecutive month in June. According to Bank of Korea data, following a net sale of $26.15 billion in May, foreign investors net sold a total of $30.72 billion of Korean stocks and bonds in June. Foreign investors have been in a net selling position since February.
The Bank of Korea stated that due to market concerns about overheated investment in artificial intelligence infrastructure and weakening investor sentiment, the net selling scale of foreign investors further expanded compared to the previous month. The bank added that as the Korean stock market rose, foreign investors reduced their stock holdings in the portfolio rebalancing process, further accelerating net capital outflows. (FXStreet)
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