Tag - Foreigners dump 3.7 trillion won worth of Korean shares in January

Foreigners dump 3.7 trillion won worth of Korean shares in January

Foreign investors shed local stocks in January to extend its selling mode for a third straight month amid persistent concerns over the global economic slowdown, the financial watchdog said Thursday. Offshore investors sold a net 3.71 trillion won ($3.11 billion) worth of local stocks last month, compared with the previous month’s net sell-off of 3.1 trillion won, according to the Financial Supervisory Service (FSS). “The ‘Sell Korea’ sentiment is attributable to lingering woes over the global economic downturn with ample signs [...]

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