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Market Chatter: Foreign Investors Withdraw Record Funds From South Korean Securities in June

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Foreign investors pulled out a record $30.72 billion from Korean securities in June, which comprised stocks and bonds, Pulse News reported Wednesday, citing Bank of Korea data.

The pullout marked the fifth straight month of net portfolio outflows since February, according to the report.

The outflow value in June was the second largest on record, after a $36.55 billion outflow in March, and was equivalent to about 47.6 trillion won based on the end-June exchange rate of 1,548.7 won per U.S. dollar, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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