Foreigners offload Hyundai Motor shares amid growth woes
Hyundai Motor
Seoul - Yonhap
Foreign investors have offloaded more than 300 billion won (US$272 million) worth of Hyundai Motor stocks in the past month, bourse data showed Monday, reflecting concerns that the automaker's sales growth would be slower than expected.
According to the Korea Exchange, offshore investors sold a net 338 billion won worth of Hyundai Motor stocks for 15 consecutive trading days last month. Their stake in the country's top automaker dipped to a seven-month low of 43.61 percent Friday.
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