Foreigners remained net buyers of South Korean stocks for the eighth consecutive month in June, data showed Monday. Offshore investors purchased a net 2.9 trillion won (US$2.15 billion) worth of listed stocks last month, according to the data from the Financial Supervisory Service. As of end-June, their holdings of local stocks stood at 859.2 trillion won, accounting for 30 percent of total market capitalization, up from 29.1 percent a month earlier. By nation, U.S. investors net purchased 2.1 trillion won worth of shares, while investors from Singapore offloaded a net 2.9 trillion won. U.S. investors held 345 trillion won worth of local shares as of end-June, representing 40.1 percent of the total held by foreigners, followed by European investors with 263.8 trillion won worth of shares. Meanwhile, foreigners sold a net 1.05 trillion won worth of listed bonds last month. Their cumulative bond holdings came to 251.5 trillion won as of end-June, accounting for 9.8 percent of all listed bonds here. Sou rce: Yonhap News Agency
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