Foreign investment in the local stock market hit a ten-month high last month.

A Bank of Korea report on the market trends of international finance and foreign exchange in May showed foreigners invested three-point-36 billion U.S. dollars in the local bourse in May, increasing more than threefold from the previous month. That's the largest amount since July of last year.

Foreign investment in local bonds reached over one-point-nine billion dollars in May, up 700 million dollars on-month.

Accordingly, overall foreign investment in local securities tallied five-point-27 billion dollars.

The central bank said foreign investment increased on expectations of economic recovery at home and abroad.