Overseas funds continue to withdraw from the Korean stock market, with a total net sell-off of $75 billion so far this year.

robot
Abstract generation in progress

BlockBeats News, June 9—According to The Kobeissi Letter, citing data from Goldman Sachs, global investors are selling off Korean stocks at an unprecedented pace. On Monday, foreign investors net sold about $801 million worth of Korea Composite Stock Price Index (KOSPI) constituent stocks; the previous week had already seen roughly $10 billion in capital outflows.

Data show that in each trading day over the past month, overseas investors have remained net sellers, bringing the total year-to-date net selling of Korean stocks by foreign capital to $75 billion.

Meanwhile, over the same period, Korean local retail and institutional investors have net bought approximately $69 billion, continuing to absorb the selling pressure from foreign investors. The Kobeissi Letter says the Korean stock market is undergoing a historic shift in capital flow patterns.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned