SEOUL (Reuters) – South Korea's capital markets in December saw the largest foreign inflows since March 2020 as rising political uncertainty weighed on investor sentiment, central bank data showed on Wednesday.
Last month, foreigners continued their selling operations in the South Korean stock market for the fourth month in a row, selling a net amount of $2.58 billion.
In the bond market, they turned into net sellers for the first time in nine months, with a net outflow of $1.28 billion.
The monthly inflow totaling $3.86 billion was the largest since March 2020, when global financial markets were battered by the COVID-19 pandemic, according to the Bank of Korea.
Last month, the won fell 5.2% against the dollar, marking its biggest monthly decline in 22 months due to growing political uncertainty following short-lived martial law imposed by President Yeon Suk-yeol on December 3.
