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Foreigners' local bond holdings hit record high in June

All Headlines 11:07 July 06, 2018

SEOUL, July 6 (Yonhap) -- Holdings of local bonds by foreign investors hit an all-time high last month, data showed Friday, amid persistent woes over brewing global trade friction.

Offshore investors owned local bonds worth 110.56 trillion won (US$98.71 billion) in June, up 2.1 trillion won from the previous month, according to the data from the Korea Financial Investment Association (KOFIA).

The record usurps the previous high figures tallied in May, the association noted.

In June, investors were on a net buying mode in the local bond market by scooping up 7.5 trillion won worth of bonds.

The expansion is mainly attributable to foreigners' growing appetite for safer assets as Washington and Beijing show no signs of backing off of slapping stiff tariffs on products made in each other's country, according to the KOFIA.

Total bond issuance inched down last month to stand at 56.1 trillion won, a 4.7 trillion-won decrease from the previous month, it added.

Foreigners' local bond holdings hit record high in June - 1

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