MK Business News Logo
Thursday, April 24, 2014 search icon
검색 search
Top Stories
Finance
Market
Economy
Companies
General
Opinion Editorial
Archive
Photo
Subscribe to MK English Newsletter
World Knowledge Forum

Home > mk Business News 프린트 이메일 전송 리스트
Foreign investors flock to bond market in S. Korea
2012.11.05 16:47:52 | 2012.11.05 17:39:27
보내기
Foreign investors rushed to the bond market in the South Korean financial market while leaving the local stock market in October, showed a recent data.

[Foreign investors flock to bond market in S. Korea] 기사의 본문 이미지


Such a trend stemmed from investors’ expectations that the Korean companies’ weak business performances in the third quarter (Q3) of this year and Spain’s bailout delay will cause sluggishness in the nation’s stock market for some time.

Overseas investors sold a net 1.1 trillion won ($1 billion) worth of Korean stocks while they net bought the local bonds worth 3.4 trillion won, according to the Financial Supervisory Service (FSS) Monday. As of late-October, foreign investors’ stock holdings came to 387.8 trillion won, down 4.5 percent from the previous month while their bond holdings grew 0.5 percent to reach 88.7 trillion won.

Foreign investors’ preferences for Korean bonds in the domestic market have been being propelled since August. On a monthly basis, the local bonds net bought by foreign investors have been on the rise from 259.4 billion won in August, 2.84 trillion won in September and 3.4 trillion won in October.

“Overseas investors began to engage in selling local stocks based on the assumption of the Korean companies’ weaker business performances in Q3,” explained an official of the FSS. “Another contributor is that the falling won value caused the US-based funds to redeem their bonds for profit-taking.”

[Written by Soohyun-Oh - Jieun Lee/ edited by Soyoung Chung]

korean_article_view

[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]

경제용어사전 프린트 이메일 전송 리스트

PDF list
Thurs, Apr 24, 2014
Latest News
S. Korea’s GDP up 3.9% yoy in Q1, hi..
Maritime ministry blamed for ferry di..
Prosecutors uncover 40 slush fund ban..
Banks’ personnel, branch growth buck..
KDB provides over $190mn loan to Hyun..
Gap yawns between wage earners and se..
Gov’t kickstarts safety checks on fa..
Portion of yen-denominated payments f..
99.7% of outside directors of board a..
Consumer spending hurt by ferry disas..
Press Releases&Speeches
[Press Release] ROK and Uzbekistan to..
[Press Release] Trade Settlement Curr..
Today Vocab&Phases
[04/24 Thurs] Accountancy
phenomenal, unpredictable
Announcement

Terms of Use | Advertise With Us | Privacy Policy | Copyright Policy | Contact Us | Unauthorized collection of e-mail addresses disapproved
Copyrightⓒ 2009 Maeil Business Newspaper & MK Inc. All rights reserved.