April 27, 2024
Stocks & Bonds
Foreigners sell US$3b stocks and bonds in Aug.
[THE INVESTOR] Foreign investors offloaded South Korean stocks and bonds worth US$3.25 billion in August, the central bank said on Sept. 13.
Foreign investors sold local stocks and bonds worth $1.33 billion and $1.91 billion, respectively, the Bank of Korea said.
It marked the first sell-off by foreign investors since November 2016, when foreign investors offloaded South Korean stocks and bonds worth US$490 million.
Meanwhile, volatility in the currency market eased in August from a month earlier, despite increased volatility in the global financial markets over geopolitical risks.
The session-over-session changes in the dollar-won exchange rates averaged 0.34 percent in August, compared with 0.42 percent a month earlier, the BOK said.
“The won has fallen against the dollar since August due to geopolitical risks” over North Korea‘s missile and nuclear programs, the BOK said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Foreign investors sold local stocks and bonds worth $1.33 billion and $1.91 billion, respectively, the Bank of Korea said.
It marked the first sell-off by foreign investors since November 2016, when foreign investors offloaded South Korean stocks and bonds worth US$490 million.
Meanwhile, volatility in the currency market eased in August from a month earlier, despite increased volatility in the global financial markets over geopolitical risks.
The session-over-session changes in the dollar-won exchange rates averaged 0.34 percent in August, compared with 0.42 percent a month earlier, the BOK said.
“The won has fallen against the dollar since August due to geopolitical risks” over North Korea‘s missile and nuclear programs, the BOK said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
