Foreign investors set new record for Korean stock sales in June

Foreign investors offloaded a record net 49.34 trillion won worth of South Korean stocks in June, data from the Financial Supervisory Service showed.

Foreign investors offloaded a record net 49.34 trillion won worth of South Korean stocks in June, extending their selling streak to six straight months.

After the June sales, offshore investors held 2,908.6 trillion won in local stocks, equal to 36.4 percent of total market capitalization.

In the bond market, foreign investors bought a net 13.9 trillion won of Korean debt last month. Their holdings stood at 334.8 trillion won as of end-June, or 11.8 percent of listed bonds.

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The benchmark KOSPI index fell 9.99 percent to close at 8,203.84 on June 23 after foreign investors sold major semiconductor shares amid U.S. tech losses. The Korea Exchange activated a circuit breaker to halt trading for 20 minutes.

The Bank of Korea said on July 3 that the country's foreign reserves reached $427.36 billion at end-June, up $370 million from a month earlier and reversing a May decline.

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Corporate direct financing in South Korea rose 13.2 percent in April from the previous month to 22.62 trillion won, driven by higher bond sales.

The KOSPI fell 5.81 percent on June 26 as investors took profits following recent AI-driven gains, closing at 8,411.21.

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South Korea's monthly exports surpassed $100 billion for the first time in June, driven by record semiconductor shipments.

The South Korean won weakened sharply to 1,529.7 won per dollar on June 4, its lowest intraday level since March 31, amid renewed U.S.-Iran airstrikes. The KOSPI closed down 1.84 percent at 8,639.41.

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Seoul shares plummeted 5.4 percent on July 8 as technology stocks extended losses amid investor concerns over the Artificial Intelligence trade.

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