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Foreign investors buy Korean stocks and bonds in Dec.

Economy 12:00 January 11, 2019

SEOUL, Jan. 11 (Yonhap) -- Foreigners remained net buyers for two straight months in the South Korean financial market last month on rising expectations for U.S.-China trade negotiations, the central bank said Friday.

Foreigners purchased a net US$1.49 billion worth of South Korean stocks and bonds in December following a net buying of $360 million in the previous month, according to the Bank of Korea (BOK).

They bought a net $1.35 billion worth of local bonds and South Korean stocks worth a net $130 million last month.

The BOK said investors were optimistic about the Washington-Beijing trade talks after the Donald Trump-Xi Jinping meeting in late November.

The average daily variation of the won-dollar rate, which shows the change from the previous session's closing price, widened to 4.6 won in December from November's 3.5 won.

The credit default swaps premium for foreign exchange stabilization bonds was 39 basis points in December, down from 42 basis points a month ago.

Foreign investors buy Korean stocks and bonds in Dec. - 1

brk@yna.co.kr
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