Foreigners turn to selling local equities in 5 months
Seoul - Yonhap
Foreigners turned net sellers of local equities for the first time in five months, mainly on profit-taking after consecutive net stock purchases in the Seoul market, the financial regulator said Sunday. Overseas investors dumped a net 323 billion won (US$305.3 million) worth of local equities last month, turning from a net buying of 5.2 trillion won the previous month, according to the Financial Supervisory Service (FSS).
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