À̹ÌÁö È®´ë Foreign investors shifted to net buying in the Korean stock exchange markets in September, snapping their four-month selling spree while keeping up strong appetite for the local debt market.
According to data released from the Bank of Korea on Thursday, offshore investors net purchased $2.42 billion worth of Korean stocks in September, turning their position to net buying in five months. The figure marks the biggest monthly net buying so far this year.
Foreigners¡¯ selling spree lasted until August after they net purchased $590 million worth of local stocks in April. They offloaded a net $8.23 billion in May, $440 million in June, $3.06 billion in July and $4.45 billion in August.
The September net buying is mainly due to foreigners snatching up chip stocks, reversing their massive offload in August, a source at the central bank explained.
In the bond market, offshore investors net bought $4.6 billion worth of bonds last month, maintaining a net-buying position for the nine consecutive months.
By Ahn Byung-joon and Lee Soo-min
[¨Ï Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]