Record $110B Foreign Outflow from South Korean Stocks
Foreign investors have sold a record $110 billion in South Korean equities year-to-date, more than double the previous full-year record. June alone saw $31 billion in outflows, the largest monthly figure on record.
Foreign investors are dumping South Korean equities at an unprecedented pace. Year-to-date sales total $110 billion, the largest outflow ever recorded for this period. The pace has accelerated sharply since the start of May, with outflows more than doubling.
By contrast, the prior full-year record over the past seven years was $22 billion in 2021. In June alone, foreign investors sold $31 billion in Korean stocks — the largest monthly outflow in history.
Domestic investors have stepped in as buyers. Retail investors purchased $60 billion and institutional investors added $15 billion of South Korean equities since the start of May, partially offsetting the foreign exodus.
Source: The Kobeissi Letter