• go facebook
  • go twitter
  • go blog
  • go youtube
  • go linkedin
  • go rss
상단검색

Date   :

~

Sort   :

Investment News

2018.08.08
Views :
52
Foreigners Turn to Net Buyers in July


According to Yonhap News,

(SEOUL=Yonhap News) Foreign investors turned to net buyers in the South Korean stock market for the first time in four months in July as they scooped up local shares in the second-quarter earnings season, the central bank said Wednesday.

Foreigners purchased US$120 million worth of South Korean shares last month, swinging from net selling of $640 million tallied in June, according to the Bank of Korea (BOK).

They had remained net sellers since April, when they dumped $2.04 billion worth of South Korean stocks as intensifying U.S.-China trade disputes fueled uncertainties in the global financial sector.

This changed in July, as most local companies released their second-quarter earnings reports, which caused offshore investors to became bullish despite ongoing trade concerns.

On the bond market, offshore investors bought $1.31 billion worth of assets in South Korea, slightly down from $1.91 billion in the previous month. They have stayed net buyers since January.

In total, foreigners purchased a net $1.43 billion worth in the local equity market last month.

Meanwhile, the volatility in the dollar-won exchange rates narrowed slightly last month amid a steady upside trend of the U.S. greenback, the BOK said.

The average daily variation, showing the change from the previous session's closing price, came to 3.9 won in July, down from 5.2 won in the previous month.

Session-over-session changes in the dollar-won exchange rate averaged 0.34 percent last month, diminishing from 0.47 percent tallied a month earlier, the BOK said.

The standard deviation of exchange rates reached 6.7 won in July, sharply down from a more than two-year high of 19.1 won tallied in June. The FX rate standard deviation refers to a measure of exchange volatility by the spread between a daily close rate and its monthly average.

The won finished at 1,124 won against the greenback on Monday, compared with 1,114.5 won at the end of June, the BOK said.

The credit default swaps premium for foreign exchange stabilization bonds stayed unchanged at 45 basis points in July, the bank added.

brk@yna.co.kr


Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.


Source Text


Source: Yonhap News (August 8, 2018)

Next
Gov't to Spend More for Convenience Facilities, Social Safety Infrastructure
Previous
Japan's Toyoko Inn Hotel Chain to Advance into Changwon

Share

  • Facebook
  • Twitter
  • Google
  • Twitter
PRINT

Recommended Content

IK News & Events

더보기

Success Stories

더보기