SEOUL, Oct. 15 (Xinhua) -- Foreign investors sold South Korean stocks for two straight months through September on worry about the COVID-19 resurgence here, central bank data showed Thursday.
Foreign fund worth 2.08 billion U.S. dollars flowed out of the domestic stock market in September, after posting a foreign fund outflow of 890 million U.S. dollars in August, according to the Bank of Korea (BOK).
The foreign sale of local stocks came as the COVID-19 resurged here in August and September owing to cluster infections in the Seoul metropolitan area.
The government eased its three-tier social-distancing guidelines to the lowest level earlier this month due the lower number of COVID-19 cases here in recent weeks.
In the local bond market, 10 million dollars of foreign capital flowed out in September. It was the first foreign capital outflow in 2020.
Matured bonds reached 7.07 billion dollars in September, but most of the matured debts was refinanced last month.
Premium on credit default swap, which gauges credit risk for the five-year government bonds, averaged 24 basis points in September, slightly up from 22 basis points in August.
The won/dollar exchange rate closed at 1,169.5 won per dollar as of the end of September, down from 1,187.8 won tallied a month earlier.
The daily average transaction of foreign currencies in the inter-bank market amounted to 25.16 billion dollars during the July-September quarter, down 1.04 billion dollars from the previous quarter. Enditem
