Funds Switch to Selling Korean Bonds After 43-Day Buying Streak

Overseas investors finally soured on South Korean bonds, trimming holdings after the longest run of inflows in almost two decades, as surging house prices damped bets on central bank interest-rate cuts.

Global funds offloaded a net $1.84 million of the country’s listed bonds on Friday, according to data from the Financial Supervisory Service. That ended a 43-day buying streak, the longest stretch since 2007, based on data compiled by Bloomberg.