SEOUL, Feb. 8 (Yonhap) — Foreign investors remained net sellers of South Korean stocks last month, extending their selling spree for a second consecutive month, data showed Monday.

Foreigners sold a net 2.65 trillion won (US$2.35 billion) worth of local stocks in January, according to the data from the Financial Supervisory Service (FSS).

American investors sold a net 3.43 trillion won of stocks last month, while Singapore’s investors net purchased 1.6 trillion won worth of stocks, according to the FSS.

As of end-January, local stocks held by foreign investors came to 787.9 trillion won, accounting for 31.6 percent of the country’s market capitalization.

Foreigners also bought a net 1.15 trillion won worth of local bonds last month.

Their bond holdings were valued at 151.5 trillion won, or 7.3 percent of the total as of end-January.