ID :
198868
Wed, 08/03/2011 - 09:31
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https://oananews.org//node/198868
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Foreign stock investors turn net buyers in July
SEOUL, Aug. 3 (Yonhap) -- Foreign investors scooped up South Korean stocks in July on easing jitters over the eurozone debt crisis, while their holdings of local bonds surged to a record high, the financial regulator said Wednesday.
Overseas investors bought a net 2.2 trillion won (US$2.1 billion) of local equities in July, snapping a two-month selling streak in May and June, according to the Financial Supervisory Service (FSS).
"As concerns over Europe's financial crisis somewhat eased, overseas investors raked in local shares," the FSS said. "However, foreigners offloaded a net 1.7 trillion won worth of local shares in the latter half of July due to concerns over debts in Greece and Italy as well as worries over the U.S. debt limit."
Foreign stock ownership reached 30.2 percent of the total market cap as of end-July, holding local shares worth 399.3 trillion won, up from 392.9 trillion won a month earlier, the regulator said.
French investors were the biggest net buyers in July, purchasing shares worth 693 billion won. U.S. investors came next with 521.5 billion won, marking a sharp turnaround from a net 504.1 billion won selling last month.
In contrast, investors from the Cayman Islands remained net sellers for the sixth straight month, offloading shares worth 258.4 billion won in July.
Meanwhile, foreign ownership of local listed bond hits a fresh high of 84.2 trillion won as of end-July, or 7.2 percent of total ownership, as overseas investors snapped up listed Korean bonds on anticipation of a strengthening Korean won and a growing appetite for safer assets.
Foreign investors scooped up a net 2.9 trillion won worth of bonds in July, extending their buying streak to a sixth straight month, the FSS said.
The on-month gain was largely fueled by Thai investors who picked up a net 2.1 trillion won. Thai investors were the third-largest holders of local bonds.
Investors from Singapore followed with 604.1 billion won worth of bond purchases and Chinese investors came next with 260.6 billion won. Chinese investors were the No. 4 holders of local bonds as of end-July.
In contrast, French investors were the largest sellers, offloading a net 568.1 billion won worth of local bonds, the FSS said.
Overseas investors bought a net 2.2 trillion won (US$2.1 billion) of local equities in July, snapping a two-month selling streak in May and June, according to the Financial Supervisory Service (FSS).
"As concerns over Europe's financial crisis somewhat eased, overseas investors raked in local shares," the FSS said. "However, foreigners offloaded a net 1.7 trillion won worth of local shares in the latter half of July due to concerns over debts in Greece and Italy as well as worries over the U.S. debt limit."
Foreign stock ownership reached 30.2 percent of the total market cap as of end-July, holding local shares worth 399.3 trillion won, up from 392.9 trillion won a month earlier, the regulator said.
French investors were the biggest net buyers in July, purchasing shares worth 693 billion won. U.S. investors came next with 521.5 billion won, marking a sharp turnaround from a net 504.1 billion won selling last month.
In contrast, investors from the Cayman Islands remained net sellers for the sixth straight month, offloading shares worth 258.4 billion won in July.
Meanwhile, foreign ownership of local listed bond hits a fresh high of 84.2 trillion won as of end-July, or 7.2 percent of total ownership, as overseas investors snapped up listed Korean bonds on anticipation of a strengthening Korean won and a growing appetite for safer assets.
Foreign investors scooped up a net 2.9 trillion won worth of bonds in July, extending their buying streak to a sixth straight month, the FSS said.
The on-month gain was largely fueled by Thai investors who picked up a net 2.1 trillion won. Thai investors were the third-largest holders of local bonds.
Investors from Singapore followed with 604.1 billion won worth of bond purchases and Chinese investors came next with 260.6 billion won. Chinese investors were the No. 4 holders of local bonds as of end-July.
In contrast, French investors were the largest sellers, offloading a net 568.1 billion won worth of local bonds, the FSS said.
