Seoul: Foreign investors net purchased Korean stocks for a second straight month in June amid eased concerns over U.S. trade policies, data revealed Thursday. Offshore investors bought a net 3.07 trillion won (US$2.23 billion) worth of local stocks last month, following net purchases of 2.01 trillion won in the previous month.

According to Yonhap News Agency, the data from the Financial Supervisory Service (FSS) indicated that after this net buying spree, foreigners owned 863.4 trillion won worth of local stocks, which represented 27.4 percent of the total market capitalization. By country, investors from the United States emerged as the top net buyers, acquiring 3.4 trillion won worth of shares. Irish investors followed, with net purchases amounting to 1.7 trillion won.

In addition, foreign investors significantly increased their acquisitions of local bonds, purchasing a net 3.62 trillion won worth last month. Their holdings of local bonds amounted to 304.4 trillion won by the end of June, making up 11.3 percent of listed bonds in the country, as detailed in the data.