Foreigners remained net sellers in February

Home > Business > Finance

print dictionary print

Foreigners remained net sellers in February

Foreign investors remained net sellers of Korean equities in February, extending their selling spree for a third consecutive month, the central bank said Thursday.
Foreigners sold a net $2.86 billion worth of local stocks last month, compared with net selling of $2.39 billion in January, according to the Bank of Korea.
Offshore investors, however, remained net buyers of Korean bonds worth $8.99 billion last month, the bank said.
Meanwhile, volatility in Korea's currency slightly rose in February from the previous month, the central bank said.
The daily fluctuation of the dollar-won exchange rate came to an average of 4.1 won last month, up from 3.8 won a month earlier.
Situations for the country's foreign currency borrowing remained sound as the spread charged on local banks' short-term, as well as mid- and long-term, overseas borrowing declined, the bank said.
The spread on credit default swaps for Korea's five-year dollar-denominated currency stabilization bonds came in at 23 basis points in January, down from 25 basis points a month earlier.
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)