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Korea has seen the biggest exodus of foreign capital among Asian emerging markets since the U.S. subprime mortgage crisis. Korea institute of Finance researcher Lee Yoon-seok in a report on the issue Sunday said foreign investors net sold stocks worth US$32.3 billion in the Korean stock market between August, when the U.S. subprime crisis started, and February. The net sale volume was the largest among major Asian emerging markets like Taiwan, India, Thailand, the Philippines and Indonesia. According to the report, foreign investors net sold stocks worth 3.4 billion in Taiwan, $2.5 billion in Thailand and $800 million in the Philippines during the same period.
(englishnews@chosun.com )
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