Seoul: Foreign investors continued their selling binge of Korean stocks in April but sharply scaled down the amount of sell-offs, data showed on Friday. Offshore investors offloaded a net 4.05 trillion won (US$2.68 billion) worth of local stocks last month, following a record high monthly net selling of 43.51 trillion won in March.

According to Yonhap News Agency, in February, foreign investors also net sold 19.56 billion won worth of local stocks. Following their net selling in April, offshore investors owned 2,121.4 trillion won worth of local stocks, or 32.5 percent of total market capitalization.

By country, investors from Singapore were the top sellers in April, offloading a net 3.4 trillion won worth of shares, followed by those from Britain with a net sell-off of 2.5 trillion won, the latest findings showed.

In contrast, the local bond market saw foreign investors buy a net 8.08 trillion won worth of local bonds last month. Their holdings of local bonds stood at 325.2 trillion won as of end-April, accounting for 11.6 percent of listed bonds here, the data showed.