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 [...]