A board shows the exchange rate and KOSPI index at a dealing room at Hana Bank in Seoul, Friday. Yonhap
South Korean retail investors sold over 1 trillion won ($641 billion) worth of overseas stocks in the first week of June, data showed Sunday, suggesting their possible return to the local stock market amid record-breaking gains led by semiconductor shares.
Local retailers sold a net $793.67 million worth of foreign stocks from Monday through Friday, continuing their net selling streak that began in April, according to the data from the Korea Securities Depository (KSD).
The figure far surpassed the net selling of $469 million in April and approached the $939.77 million recorded in May.
If the trend continues through the end of this month, the net selling streak will extend to a third consecutive month for the first time since the April-July period of 2023.
