SEOUL Oct 10 Foreigners offloaded South Korean
bonds for a second consecutive month in September but snapped up
stocks for the fourth month running, official data showed on
South Korean bonds saw foreign outflows worth 663 billion
won ($594.75 million) in September, according to the Financial
Supervisory Service (FSS), slightly less than the 917 billion
won of debt foreigners unloaded in August.
The FSS attributed the outflows to a large number of bonds
maturing last month, though foreigners continued to boost their
investments in longer-term bonds with over 5 years to maturity.
Foreigners mainly offloaded monetary stabilisation bonds
issued by the Bank of Korea to manage market liquidity, the data
showed, while treasury bonds continued to attract demand.
The same FSS data said offshore investors bought South
Korean shares for a fourth month in a row, purchasing 1.6
trillion won worth in September, less than 1.9 trillion won of
equities they bought in August.
As of September, foreigners held 30.5 percent of all South
Korean shares and 5.9 percent of bonds.
($1 = 1,114.7500 won)
(Reporting by Christine Kim; Editing by Shri Navaratnam)