ID :
19379
Sat, 09/13/2008 - 13:25
Auther :
Shortlink :
http://m.oananews.org//node/19379
The shortlink copeid
Foreigners further boost S. Korean bond holdings in Sept.
SEOUL, Sept. 13 (Yonhap) - Foreign investors increased their holdings of South Korean bonds this month despite concerns over possible capital flight out of the country, the financial watchdog said Saturday.
Overseas investors have bought a net 2.5 trillion won (US$2.25 billion) worth of
domestic South Korean bonds so far this month through Friday, according to the
Financial Supervisory Service.
Around $6 billion worth of foreign-owned bonds matured this week, fanning
speculation that the weak currency and worsening growth outlook for Asia's
fourth-largest economy might encourage investors to take the money out of the
country.
South Korean policymakers and most analysts have played down the risk of market
turmoil linked to bond redemptions, saying the country's more than $240 billion
in foreign reserves is more than sufficient to make up for any feared outflow.
Overseas investors have bought a net 2.5 trillion won (US$2.25 billion) worth of
domestic South Korean bonds so far this month through Friday, according to the
Financial Supervisory Service.
Around $6 billion worth of foreign-owned bonds matured this week, fanning
speculation that the weak currency and worsening growth outlook for Asia's
fourth-largest economy might encourage investors to take the money out of the
country.
South Korean policymakers and most analysts have played down the risk of market
turmoil linked to bond redemptions, saying the country's more than $240 billion
in foreign reserves is more than sufficient to make up for any feared outflow.
