Foreign fund flows into S. Korean stock market in 3 months

Source: Xinhua| 2020-11-12 14:52:20|Editor: huaxia

SEOUL, Nov. 12 (Xinhua) -- Foreign fund flowed into South Korea's stock market in three months till October on the back of the eased COVID-19 pandemic here, central bank data showed Thursday.

Foreign capital worth 1.38 billion U.S. dollars came into the local stock market in October, marking the first foreign fund inflow in three months, according to the Bank of Korea (BOK).

The foreign fund flowed out of the local stock market in August and September when the COVID-19 resurged here and the government tightened its social-distancing regulations.

The quarantine measures were alleviated in early October as the number of confirmed COVID-19 cases here hovered around 100.

In the domestic bond market, 230 million dollars of foreign fund flowed out in October after recording an outflow of 10 million dollars in September.

Premium on credit default swap (CDS), which gauges credit risk for the five-year government bonds, averaged 25 basis points in October, up 1 basis point from the previous month. Enditem