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Institutions' investments in foreign securities rise in Q3

All News 12:00 November 27, 2020

SEOUL, Nov. 27 (Yonhap) -- South Korean institutions' investments in foreign securities rose in the third quarter from three months earlier as global financial markets recovered from pandemic-driven losses, central bank data showed Friday.

The combined value of foreign securities held by institutional investors came to US$345.4 billion as of end-September, up $8.9 billion from three months earlier, according to the Bank of Korea (BOK).

It marked a gain for the second straight quarter after a $9.5 billion fall in the first quarter when global financial markets were hit by the fallout of the COVID-19 pandemic.

Foreign securities include stocks, bonds and so-called Korean paper that refers to foreign currency-denominated securities issued by the South Korean government, banks or companies in overseas markets.

Investments in foreign stocks rose $7.4 billion on-quarter to $122.6 billion in the July-September period, mainly because stock prices in major countries shot up.

Investments in overseas bonds added $1.2 billion to $179.4 billion in the cited period on the back of major countries' monetary easing and falls in market rates, the BOK said.

Institutions' investments in foreign securities rise in Q3 - 1


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