Citi: Outflow of Foreign Capital from South Korean Stock Market Likely to Continue

BlockBeats News, July 1st, Citigroup pointed out that despite the improved outlook for South Korea's current account surplus, the ongoing trend of foreign investor-led capital outflows from the South Korean stock market may continue.

Citigroup economist Jin-Wook Kim wrote in a report that driven by portfolio rebalancing and profit-taking, foreign stock investor outflows accelerated to $30.5 billion in June, up from $27.9 billion the previous month. As of the end of June, the foreign investors' ownership in the South Korean stock market has increased from 32.9% in December last year to 38.9%.