SEOUL, Nov. 9 (Yonhap) -- Foreign investors turned net buyers of South Korean stocks in October despite continued global monetary tightening as they picked up oversold shares, central bank data showed Wednesday.
Foreigners' stock investment funds logged a net inflow of US$2.49 billion in October, swinging from the previous month's net outflow of $1.65 billion, according to the data from the Bank of Korea (BOK).
The BOK said that foreign investors snapped up oversold shares, especially tech stocks in the local stock markets, buoyed by eased jitters over the British financial chaos.
Foreigners also turned net buyers of local bonds.
Foreigners' bond investment funds expanded $280 million on-month in net value last month, turning around from $1.31 billion and $640 million declines in August and September, respectively.
Their combined investment funds in local securities -- stocks and bonds -- posted a net inflow of $2.77 billion last month, compared with a net outflow of $2.29 billion a month earlier, according to the data.
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