Foreigners remain sellers of S. Korean stocks for 2nd month in June
SEOUL, July 14 (Yonhap) -- Foreign investors remained net sellers of South Korean stocks for the second straight month in June as they locked in profits amid a bull run in the stock market, central bank data showed Wednesday.
Foreigners sold a net US$440 million last month, compared with net selling of $8.23 billion the previous month, according to the Bank of Korea (BOK).
The BOK said a net outflow of stock funds declined in June from May as concerns about U.S. inflation risks and rising U.S. long-term interest rates eased.
Offshore investors, however, were net buyers of Korean bonds worth $8.76 billion in June.
Foreign investors thus bought a net $8.32 billion worth of Korean stocks and bonds last month, a turnaround from net sales of $3.64 billion the previous month.
Meanwhile, volatility in South Korea's currency fell in June from the previous month, the BOK said.
The daily fluctuation of the dollar-won exchange rate came to an average of 3.5 won last month, down from 4.2 won a month earlier.
Situations for the country's foreign currency borrowing remained sound as the spread charged on local banks' short-term overseas borrowing stayed low.
The spread on credit default swaps for South Korea's five-year dollar-denominated currency stabilization bonds came in at 18 basis points in June, down from 19 a month ago.

Electronic signboards at a Hana Bank dealing room in Seoul show the country's main stock index trading lower after the market opened on July 14, 2021. (Yonhap)
sooyeon@yna.co.kr
(END)
-
Ateez realizes importance of direct interactions with fans during world tours
-
U.S. B-1B strategic bomber returns to S. Korea as N.K. fires missile
-
(URGENT) N. Korean leader Kim Jong-un calls for completing readiness for nuclear attack against enemies: KCNA
-
BTS member Jimin's single tops iTunes charts in 110 countries
-
TWICE's new album hits No. 2 on Billboard 200
-
Ateez realizes importance of direct interactions with fans during world tours
-
(LEAD) S. Korea fully restores bilateral military information-sharing pact with Japan
-
(LEAD) Political divide intensifies in S. Korea over Yoon-Kishida summit
-
U.S. B-1B strategic bomber returns to S. Korea as N.K. fires missile
-
S. Korean FM says wartime sexual slavery, Dokdo not discussed in Yoon-Kishida summit
-
(LEAD) N. Korea tests 'underwater nuclear attack drone,' cruise missiles for nuclear warhead: KCNA
-
U.S. Forces Korea holds first deployment training of THAAD 'remote' launcher
-
BTS' Jimin to release 1st individual album
-
(LEAD) Yoon vows to make N. Korea pay for reckless provocations
-
N. Korea says it conducted new underwater nuke weapon test, strategic cruise missile drill: KCNA