Foreign investors were net sellers in the South Korean stock market for the third month in October.

According to data from the Bank of Korea(BOK) on Friday, foreigners sold a net four-point-17 billion U.S. dollars worth of stocks last month.

But the latest figure is lower than September’s total of five-point-57 billion dollars.

The BOK attributed the net outflow to global geopolitical risks and concerns about the growth potential of domestic semiconductor companies.

The central bank said the amount was lower in October than September thanks to bargain purchases.