Foreign investors purchased domestic stocks and bonds for two months in a row . Hopes that the US Fed would slow the pace of interest rate hikes and improve the sales performance of major companies .
Seoul (South Korea), December 12 (Global Economic), December 12: Foreign investors purchased domestic stocks and bonds for two months in a row due to hopes that the US Fed would slow the pace of interest rate hikes and improve the sales performance of major companies, according to the Bank of Korea's international financial and foreign exchange market report, released on December 9th.The wondollar rate (1,318.8 won), is about 3.6135 trillion won.Net investment continued to rise for the second month in a row after October (USD 2.77 billion).The total amount of foreigners' stock investment was $2.1 billion in November, with a net inflow of USD 3.02 billion in August and a net outflow of USD 1.65 billion in September.Despite that, it saw a net inflow for 2 months in a row in November ($2.1 billion) following October (USD 2.49 billion).
Foreign bond investment reported a net inflow of USD 630 million in November.Foreign bond investment reported net outflow for two months in a row in August (USD 1.31 billion) and September (USD 640 million).In October (USD 280 million) and November (USD 683 million), it reached a net inflow.(Global Economic) : (Global Economic)