| Struggling to fill the hole in revenues left by the plunge in the oil price, investors from the world's major oil producing countries were among the biggest sellers of South Korean stocks over the past year. Analysts say sovereign wealth funds are likely to be among the bigger sellers of Korean stocks and suspect the same investors are behind outflows seen in Japan in January.
"Oil money is flowing out as oil producing countries' deteriorating trade balances due to the low oil prices worsen their fiscal balances. They cannot quickly cut fiscal spending," said Kim Jae Eun, Standard Chartered Bank's economist for investment advisory and strategy, in Seoul...............................................Full Article: Source
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