Seoul bourse suffers most foreign selling in Asia

SEOUL, Oct. 4 (Yonhap) -- South Korea's stock markets suffered the most amount of foreign capital flight among Asian markets in the past four months, a report showed Saturday.

Foreign selling of South Korean stocks amounted to US$14.68 billion in the
June-September period, the Korea Center for International Finance (KCIC) said.
Combined foreign selling in Asian markets in the past four months reached $35
billion.
Taiwan ranked second, with $11.27 billion, followed by India and Thailand, with
$5.31 billion and $3.31 billion, respectively.
Capital flights throughout Asia were largely attributed to an amplified crisis
sentiment following the collapse of Lehman Brothers Holdings Inc. last month.
Doubts over Washington's $700 billion bailout plan and an overall growth slowdown
in emerging markets were also seen as contributing factors.
The trend is not expected to wane any time soon, according the report.
"Increased expectations of a cut in borrowing costs and the endorsement of the
U.S. bailout plan may help lure investments for a few weeks, but foreign selling
is most likely to resume by the end of the month," it said.
odissy@yna.co.kr
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