SEOUL, Sept 19 Foreign investors sold South
Korean bonds in August but bought stocks for the third month in
a row, official data showed on Monday.
Foreign investors lowered their bond holdings by a net 917.0
billion won ($819.35 million) in August, according to the
Financial Supervisory Service (FSS), compared with inflows of
588.0 billion won in July.
Investors in Europe boosted their holdings by 0.6 trillion
won, but those in Asia and the Americas sold off a combined 1.8
trillion won worth of South Korean bonds in August.
Foreign investors bought a net 1.9 trillion worth of South
Korean shares in August, less than 4.1 trillion won worth they
snapped up in July.
Demand for South Korean stocks was strongest from Europe,
where investors bought 1.3 trillion won worth. Investors in Asia
were alone in selling off shares last month, dumping 0.2
trillion won worth.
As of end-August, foreigners held 30.5 percent of South
Korean stocks, the highest since April 2014, and 5.9 percent of
its bonds, said the FSS, which does not provide explanations for
the portfolio movements.
($1 = 1,119.1800 won)
(Reporting by Christine Kim; Editing by Kim Coghill)