Korean Individual Investors Purchase Net $7 Bil. Worth of US Stocks in 2 Months
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Domestic individual investors have injected nearly 10 trillion won into U.S. stocks over the past two months, surpassing the net buying volume of the domestic stock market. This is the result of concentrated demand for alternative investments, driven by expectations of an upward trend in the U.S. stock market, instead of volatile domestic semiconductor-related stocks, as the KOSPI has plummeted by more than 25% and turned into a bear market.
Korean individual investors purchase net $7 bil. worth of US stocks in 2 months
Korean individual investors purchased over $7 billion worth of U.S. stocks over the past two months amid a correction in the local equity market, industry data showed Sunday. Retail investors bought a net $7.04 billion worth of stocks in the U.S. market from July 1 through Thursday, according to data from the online portal operated by the Korea Securities Depository. Over the same period, they purchased a net 8.75 trillion won ($6.34 billion) in…
(Seoul = Yonhap News) Reporter Kim Tae-jong = Over the past two months, as the global stock market entered the second half of the year, the net purchase of U.S. stocks by domestic individual investors reached 10 trillion won...
S. Korean individual investors purchase net US$7 bln worth of U.S. stocks in 2 months
SEOUL, Aug. 30 (Yonhap) -- South Korean individual investors purchased over US$7 billion worth of U.S. stocks over the past two months amid a correction in the local equity market, industry data showed Sunday.Retail investors bought a net $7.04 billi
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