SEOUL, Dec. 12 (Xinhua) -- Foreigners sold South Korean stocks in seven months to take profits, financial watchdog data showed Friday.
Offshore investors dumped a net 13.37 trillion won (9.1 billion U.S. dollars) worth of local listed stocks in November, turning into net sellers since April, according to the Financial Supervisory Service (FSS).
Foreign investors shifted into net sellers in the main bourse KOSPI, while they continued to be net buyers in the smaller KOSDAQ market.
Foreign holdings of domestic listed stocks totaled 1,192.8 trillion won (810.4 billion dollars) at the end of November, taking up 29.6 percent of the total market capitalization.
Overseas investors snapped up a net 17.62 trillion won (11.9 billion dollars) worth of local listed bonds in November.
Given the maturing debt worth 1.37 trillion won (930.8 million dollars), the foreign net investment in the local bond market stood at 16.25 trillion won (11.0 billion dollars) last month.
The foreign ownership of domestic listed bonds amounted to 321.6 trillion won (218.5 billion dollars) at the end of November, accounting for 11.6 percent of the total listed bonds. ■
