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<Asia> South Korean Stock Market Faces Record Foreign Sell-off of USD23.3 Billion in March
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Data from the South Korean exchange market indicates that due to heightened risk aversion from escalating Middle East conflicts, foreign investors' net selling of South Korean stocks reached a record high for a single month in March, totaling KRW35.7 trillion (approximately USD23.3 billion). The data shows that foreign investors have been net sellers of South Korean stocks for nine consecutive trading days, dragging down the South Korean KOSPI index, which closed down 4.26% today (31st). In contrast, South Korean domestic retail investors net purchased stocks worth KRW32.8 trillion this month. The massive foreign sell-off has intensified the depreciation pressure on the Korean won, which fell nearly 1% to 1,531.16 against the US dollar, marking a 17-year low. (mn/j) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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