South Korean Stocks Fall as Local Retail Investors Surge in U.S. Stock Buying, 5-Day Net Purchases Exceed Entire August Volume
As South Korea's domestic stock market declined, local retail investors stepped up their purchases of U.S. stocks. Data from SEIBro shows that from the 2nd to the 6th, South Korean retail investors made net purchases of $2.19753 billion in U.S. stocks, equivalent to approximately 2.982 trillion won. This figure surpasses the total for the entire month of August and represents about 40% of the previous month's total.
As South Korea's domestic stock market declines, Korean retail investors are ramping up their purchases of U.S. stocks. In just five trading days, net purchases of U.S. stocks approached 3 trillion won, surpassing the total for the entire month of August. According to data from the Korea Depository Services Corporation's securities information platform, SEIBro, released on the 7th, Korean retail investors' net purchases of U.S. stocks from the 2nd to the 6th reached $2.19753 billion, equivalent to approximately 2.982 trillion won. This figure is higher than the net purchase of $1.96234 billion for the entire month of August, more than double the $1.0128 billion recorded in September, and accounts for about 40% of last month's total of $5.42312 billion. In other words, the amount of U.S. stocks purchased by investors within five trading days is nearly equivalent to the volume of a typical month.
Source: 36kr