Foreign stock outflows hit record in February as investors take profits

Foreign investors pulled a record amount of funds from South Korea’s stock market last month as they locked in profits following a rally, central bank data showed Thursday. According to a report on international finance and foreign exchange markets released by the Bank of Korea, foreign investors sold $7.76 billion more Korean securities than they bought in February. The February figure marked the second-largest net outflow on record and ended a five-month streak of net inflows that had continue

By The Korea Herald