Foreign investors have net sold South Korean stocks for the fifth consecutive month.

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Mars Finance news: On July 14, data released by the Bank of Korea on Tuesday showed that despite gains in the Korean stock market driven by tech stocks, foreign investors continued to net sell Korean stocks for the fifth consecutive month in June. According to Bank of Korea data, after net selling $26.15 billion in May, overseas investors in June net sold a combined $30.72 billion of Korean stocks and bonds. Since February, foreign investors have been maintaining a net selling stance. The Bank of Korea said that concerns about overheating investment in artificial intelligence infrastructure weakened investor sentiment, leading to a further increase in the scale of foreign investors’ net selling compared with the previous month. It added that as the Korean stock market rose, foreign investors reduced their stock holdings during portfolio rebalancing, further accelerating net capital outflows. (Jin10)
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