foreigners sell korean stocks for fourth straight month
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Foreigners sell Korean stocks for fourth straight month

Arab Today, arab today

Arab Today, arab today Foreigners sell Korean stocks for fourth straight month

Tokyo - Arab Today

Foreigners continued to sell off South Korean stocks in February, extending the spree to the fourth consecutive month as concerns over the U.S. Federal Reserve's stimulus tapering reduced appetite for risky assets in emerging markets and weaker-than-expected data from major economies sapped their sentiment as well, the financial watchdog said Friday. Overseas investors dumped a net 1.23 trillion won (US$1.16 billion) worth of local stocks last month following a net selling of 706 billion won a month earlier, according to the Financial Supervisory Service (FSS).

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