Seoul: Foreign investors remained net sellers of South Korean stocks for the eighth consecutive month in March amid heightened uncertainties here and abroad, the central bank said Tuesday.
According to Yonhap News Agency, offshore investors sold a net US$1.16 billion worth of local stocks last month, following a net selling of $1.81 billion in February, as per the data from the Bank of Korea (BOK). Foreigners have been net sellers in the Korean stock market since August 2024, and the March sell-offs mark the longest streak since 2008.
During the sell-off period, their net selling of Korean stocks totaled $20.6 billion, the highest since 2020. In contrast, foreigners purchased a net $4.83 billion worth of Korean bonds last month, marking the second consecutive month of net purchases, the data showed.