Foreign fund flows out of S. Korean stock market for 2 months
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E-mail Xinhua, July 14, 2021
SEOUL, July 14 (Xinhua) -- Foreign fund flowed out of the South Korean stock market for two straight months in June, central bank data showed Wednesday.
Foreign fund outflow from the local stock market amounted to 440 million U.S. dollars in June, after recording 8.23 billion dollars in May, according to the Bank of Korea (BOK).
The outflow was expected to continue in July amid the recent resurgence of the COVID-19 pandemic here.
Inflationary pressure mounted in the United States, encouraging foreign investors to sell domestic shares.
Foreign investment in domestic bonds reached 8.76 billion dollars in June. The foreign net purchase continued for six months in a row in the local bond market.
Premium on credit default swap (CDS), which measures the five-year sovereign credit risk, averaged 18 basis points in June, down 1 basis point from the previous month. Enditem
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