UK investors lead Korean stock sell-off as US funds keep buying

Foreign investors pulled sharply out of South Korean equities in July, with UK investors leading a massive stock sell-off even as US investors remained net buyers, data showed Friday. According to data released by the Financial Supervisory Service, foreign investors net sold 31.7 trillion ($22.9 billion) won worth of l

Given that investors are sitting on unrealized gains and there few short positions remain open, the markets are more vulnerable to a downturn in economic news flow.