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…
Korean individual investors spent a total of $7.04 billion on U.S. stocks within the past two months, according to recent industry data. This surge in activity occurred as the local equity market experienced a correction. During this period, retail investors purchased a net $4.64 billion worth of stocks in the U.S. market, with an additional $2.4 billion bought in the first 27 days of August.
The total amount represented 70% of their net purchases throughout the first half of the year, which totaled $9.87 billion. The trend emerged as the KOSPI index, which peaked at 9,114.55 points on June 22, declined to the 7,000-point level by mid-July and remained in the 6,000-point range for over a month.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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