South Korean equity funds suffered net losses for the 18th consecutive day for the first time since April last year.

According to the Korea Financial investment Association on Monday, equity funds suffered net losses of 160 billion won, or about 136 million U.S. dollars, as of last Thursday, excluding tallies of exchange traded funds. 

About almost 24 billion won worth of funds were added to Korean equity funds while the funds lost money worth about 184 billion won. 

Cumulative losses since February 29th amount up to one-point-nine trillion won. 

During the 18-trading day period from April first to the 27th last year, equity funds lost about two-point-six trillion won in net losses.

Last Thursday, foreign equity funds earned net gains of two-point-nine billion won. Money market funds were hit with net losses of 475 billion won. 

Funds were worth 110-point-eight trillion won while net assets fell to 110-point-nine trillion won.