Foreigners sell S.Korean stocks in December

Source: Xinhua| 2021-01-08 14:13:21|Editor: huaxia

SEOUL, Jan. 8 (Xinhua) -- Foreign investors sold South Korean stocks in December amid the COVID-19 resurgence here, central bank data showed Friday.

The foreign sale of local stocks amounted to 2.19 billion U.S. dollars in December, according to the Bank of Korea (BOK). In November, foreigners bought domestic shares worth 5.52 billion dollars.

The foreign fund outflow came amid the COVID-19 resurgence. In the latest tally, the country reported 674 more cases of COVID-19 for the past 24 hours, raising the total number of infections to 67,358.

The daily caseload stayed below 1,000 for four straight days, but it hovered above 100 for 62 days since Nov. 8.

Foreign capital worth 170 million dollars flowed out of the local bond market in December, down from an outflow of 450 million dollars in November.

Premium on the credit default swap, which gauges credit risk for the five-year government bond, averaged 21 basis points in December, down 1 basis point from the previous month.

The won/dollar exchange rate was 1,086.3 won per dollar as of the end of December, down 20.2 won from a month ago.

The daily foreign currency trading in the inter-bank market averaged 24.64 billion dollars in the October-December quarter, down 0.52 billion dollars from the previous quarter. Enditem