Foreign investors turned to net sellers of local stocks in November amid rising global uncertainties stemming from an imminent U.S. rate hike and a slowdown in the Chinese economy, the financial watchdog said Wednesday.
  

Offshore investors sold a net 1.17 trillion won ($989.4 million) worth of local stocks last month, shifting from 584 billion won in net buying the previous month, according to the Financial Supervisory Service.
  

They had shifted into a net-buying position in September, when the U.S. Fed held the key rate unchanged, snapping a four-month selling streak that started in June.
  

In the first 11 months of the year, net foreign outflow reached 390 billion won, compared with a net 6 trillion won purchase for the whole of 2014.
  

The total value of foreign shareholdings came to 430.2 trillion won as of the end of November, accounting for 28.9 percent of the total market capitalization, down from 29.3 percent a month ago.
  

Singaporean investors led the net selling, offloading a net 352.4 billion won last month, followed by investors from Saudi Arabia and Canada with a net 308.3 billion won and 297.8 billion won, respectively.
  

On the local bond market, foreign investors remained net buyers for two months in a row in November to rack up a net 110 billion won.
  

Foreigners' bond holdings stood at 102 trillion won as of the end of November, accounting for 6.5 percent of the total value according to the FSS. (Yonhap)