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Foreigners offload South Korea bonds, stocks in November
December 11, 2016 / 9:41 PM / a year ago

Foreigners offload South Korea bonds, stocks in November

SEOUL (Reuters) - Foreign investors sold South Korean bonds and stocks in November led by offloading from European investors, official data showed on Monday.

Currency dealers walks past an electronics board (R) showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of a bank in Seoul February 6, 2014. REUTERS/Kim Hong-Ji

Foreign investors reduced their bond holdings by a net 1.798 trillion won ($1.54 billion) in November, offloading for a fourth month in a row, the Financial Supervisory Service (FSS) said.

Foreign investors also sold 1.19 trillion won ($1.02 billion) worth of stocks in November after net purchasing for five consecutive months through October.

European investors led the sales, the FSS said.

Reporting by Cynthia Kim

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