Foreigners turn net sellers of S. Korean stocks in May

김덕현 / 2021-06-11 12:00:03
  • facebookfacebook
  • twittertwitter
  • kakaokakao
  • pinterestpinterest
  • navernaver
  • bandband
  • -
  • +
  • print
financial markets-May tally


financial markets-May tally

Foreigners turn net sellers of S. Korean stocks in May

SEOUL, June 11 (Yonhap) -- Foreign investors turned net sellers of South Korean equities in May, as financial authorities partly resumed stock short-selling, the central bank said Friday.

Foreigners sold a net US$8.23 billion worth of local stocks last month, compared with net buying of $590 million in April, according to the Bank of Korea (BOK).

Offshore investors, however, remained net buyers of Korean bonds worth $4.59 billion last month, the BOK said.

Meanwhile, volatility in South Korea's currency slightly rose in May from the previous month, the central bank said.

The daily fluctuation of the dollar-won exchange rate came to an average of 4.2 won last month, down from 3.2 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 BOK said.

The spread on credit default swaps for South Korea's five-year dollar-denominated currency stabilization bonds came in at 19 basis points in May, down from 21 basis points a month earlier.

(END)

(C) Yonhap News Agency. All Rights Reserved

Comment >

Most Viewed

K-POP

more

Drama/Movie

more

BRAND N TREND

more

TRIP

more