April 19, 2024

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[THE INVESTOR] Foreign investors bought Korean stocks at a slower pace in November, but they turned to net sellers in the bond market amid security jitters and profit-taking, the central bank said on Dec. 13.

Foreigners purchased US$450 million worth of local stocks last month, down sharply from $2.8 billion in the previous month, according to the Bank of Korea.

In the bond market, they offloaded US$1.41 billion in November, compared with a US$650 million purchase in October.

Foreigners have been low key in the Korean financial market since August when they sold stocks and bonds worth US$3.25 billion, marking the first month of sell-offs since November 2016.

By Alex Lee and newswires (alexlee@heraldcorp.com)