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)
-
Nuclear envoys of S. Korea, U.S., Japan condemn N. Korea's stipulation of nuclear policy
-
BTS' Jungkook to drop 2nd solo single
-
Opposition leader Lee again proposes talks with President Yoon
-
BTS' Jungkook to release first solo album 'Golden'
-
Unification ministry uses metaverse to recreate hometowns of elderly S. Koreans hailing from North
-
Unification ministry uses metaverse to recreate hometowns of elderly S. Koreans hailing from North
-
Police launch belated probe into another teacher's suicide after parental harassment
-
(LEAD) S. Korea's Coast Guard apprehends 22 Chinese after illegal entry attempt
-
79 pct of young S. Koreans agree on need to improve ties with Japan: poll
-
Memorials commemorating Itaewon crowd crush to be erected at accident site
-
Defense ministry warns N. Korea will face end of regime in event of nuclear use attempt
-
N. Korea slams U.S. over Pentagon document calling regime 'persistent' threat
-
(Asiad) S. Korea beat 10-man Uzbekistan in men's football semis, reach brink of 3rd straight gold
-
N. Korea intensifying cyber attacks against S. Korean shipbuilders: spy agency
-
(LEAD) S. Korea, Japan to hold 'strategic dialogue' for 1st time in nine years