Stock ownership by foreign investors in South Korea's bourses fell to the lowest level in 16 months as they continued to dump local heavyweight shares amid a drop in oil prices and Russian turmoil, data showed Thursday.
Offshore investors held a combined 31.7 percent of local shares on the main KOSPI and secondary KOSDAQ bourses, worth 425.9 trillion won (US$391.3 billion) as of Monday, the lowest since the 31.6 percent tallied on Sept. 9, 2013, according to the data compiled by the bourse operator Korea Exchange (KRX).