Foreign funds exit South Korean stocks ahead of Fed move

06/18/2013 | MK.co.kr (South Korea)

About US$3.2 billion in foreign funds fled the South Korean stock market last week, the largest such exit among emerging Asian countries ahead of new indications from the U.S. Fed this week on its quantitative easing. The latest outflow is in line with Korea's record of heavy net foreign sales of stocks over the first six months of the year.

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