Arab Today, arab today foreign holding of s korean bonds hits record high
Last Updated : GMT 22:17:05
Arab Today, arab today
Arab Today, arab today

Foreign holding of S Korean bonds hits record high

Arab Today, arab today

Arab Today, arab today Foreign holding of S Korean bonds hits record high

Seoul - XINHUA

Foreign holding of South Korean bonds hit a new record high last month as offshore investors snapped up local bonds on expectation for the local currency's appreciation against the U.S. dollar, the financial watchdog said Wednesday. Foreign investments in local listed bonds amounted to 88.5 trillion won (78.45 billion U.S. dollars), or 7.2 percent of total ownership, as of the end of March, breaching the previous record high of 86.7 trillion won tallied in Nov. 2011, according to the Financial Supervisory Service (FSS). The record-breaking bond holdings came as overseas investors scooped up local bonds on expectations for the South Korean won's ascent against the greenback, the watchdog said. The largest foreign owner was the European investors who held 25 trillion won in local bonds, or 28.2 percent of total foreign ownership, as of end-March. It was followed by U.S. investors with 18.2 trillion won, Luxembourg investors with 14 trillion won and Chinese investors with 10.4 trillion won. Foreign net investments, calculated by net bond buying minus the amount of maturing debts, reached 1.8 trillion won in March as the European and U.S. investors kept their net investment trend for three straight months, according to the FSS. The Chinese investors widened their net investment to 154.3 billion won in March from 7.1 billion won during the January- February period, with the Norwegian investors maintaining their net investment worth 237 billion won last month. In contrast, net investment by the British and Hong Kong investors reduced by 292.3 billion and 93 billion won in March respectively, posting the second consecutive month of decline. Meanwhile, foreign investors kept their net buying streak in local stocks for three straight months in March, but their net buying eased amid concerns over the global economic slowdown and the technical correction from the rally staged during the short period of time. Investors from Cayman Islands were the biggest net buyers in March by snapping up a net 724 billion won worth of local shares. Investors from Luxembourg came next with 528.6 billion won, followed by French investors with 266.4 billion won. U.S. investors, however, turned to net sellers after buying a massive amount of shares in January and February due to demand for profit-taking. Investors from the U.S. were the largest net sellers in March by dumping a net 502.7 billion won worth of local stocks, followed by Singaporean investors with 282.2 billion won and the British investors with 214.5 billion won. As of the end of March, foreign holdings in local listed stocks stood at 400.7 trillion won (355.36 billion U.S. dollars), or 31.3 percent of the total market capitalization, according to the FSS. The figure topped the 400 trillion won level for the first time in 10 months. The largest owner was the U.S. investors who held 163 trillion won in local stocks, or 40.7 percent of total foreign holdings, as of end-march. It was followed by the European investors with 122.6 trillion won, British investors with 42.1 trillion won and Luxembourg investors with 27.4 trillion won.      

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign holding of s korean bonds hits record high Arab Today, arab today foreign holding of s korean bonds hits record high

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign holding of s korean bonds hits record high Arab Today, arab today foreign holding of s korean bonds hits record high

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday