Foreign net selling of Kospi stocks hit record high in May

Foreign selling of South Korean stocks listed on the benchmark Korea Composite Stock Price Index reached a record high in May, while foreign investors poured a record amount into the tech-heavy Kosdaq market, data showed Sunday. Offshore investors sold a net 44.71 trillion won ($29.66 billion) worth of local stocks in May, surpassing the previous record of 35.74 trillion won in net selling set in March, according to data from the Korea Exchange. Foreign investors remained net sellers for 16 cons

By The Korea Herald