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Outflow of Foreign Capital after Trump's Election Victory

Written: 2016-11-15 18:12:01Updated: 2016-11-15 18:19:52

Outflow of Foreign Capital after Trump's Election Victory

Political confusion at home and abroad are apparently causing an outflow of foreign capital from South Korea's stock market.

International investors have dumped more than one-point-six trillion won worth of Korean shares this month.

Analysts say the selloff is probably prompted by uncertainties over the Choi Soon-sil scandal and Donald Trump’s victory in the U.S. presidential election.

They say Trump's pledges of one-trillion dollars in infrastructure spending as well as reduced taxes and revamped trade rules have sent mixed signals to investors.

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