Seoul: Foreign investment in South Korean securities and bonds recorded a net inflow in July amid a positive outlook for U.S. tariff negotiations and the performance of local companies, the central bank said Tuesday. Offshore investors purchased a net US$4.83 billion worth of South Korean stocks and bonds last month, according to data from the Bank of Korea (BOK).
According to Yonhap News Agency, by type, offshore investors net purchased $2.4 billion worth of local stocks while scooping up a net $2.43 billion worth of local bonds. The country has seen a net inflow of foreign capital for three consecutive months since May, though the July figure is slightly lower compared with that of June at $5.08 billion, the BOK noted.
"Anticipation that uncertainties surrounding tariff negotiations with the U.S. would ease and the performance of local companies would improve contributed to the foreign capital inflow in the stock market," the BOK said.