Net foreign selling hits all-time high in November; individuals increase net buying

Net foreign selling in Korea's main stock market reached a fresh monthly high in November while individual investors remained net buyers, the bourse operator said Sunday. Foreign investors sold a net 14.4 trillion won ($9.8 billion) worth of shares on the benchmark Korea Composite Stock Price Index (KOSPI) throughout November, according to the Korea Exchange. The figure marked the largest monthly net selling by offshore investors, surpassing the previous record of 12.5 trillion won set in March 2020 in the early period of the COVID-19 pandemic. Foreigners purchased a net 7.4 trillion won and 5.3 trillion won worth of local shares in September and October, respectively, but turned to net sellers in November. For the January-November period, foreign net selling totaled 8.8 trillion won. Insiders said foreigners' appetite for risky assets was dampened by fading expectations for a U.S. rate cut at the Federal Reserve's December meeting and by escalating uncertainties surrounding artificial intelligence (AI) technologies. Foreign investors offloaded a net 8.7 trillion won worth of SK hynix sharWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times