S. Korean individual investors purchase net US$7 bln worth of U.S. stocks in 2 months

South Korean individual investors purchased a net US$7.04 billion worth of U.S. stocks over the past two months, according to industry data. This shift in investment behavior comes as the local equity market, the KOSPI, underwent a correction following a record high of 9,114.55 points in June. The KOSPI has since dropped to the 7,000-point level, hovering in the 6,000-point range for over a month.

In contrast, U.S. stocks have remained relatively strong, with the S&P 500 and Nasdaq Composite both gaining in value. Direxion Daily Semiconductor Bull 3X Shares and SK hynix ADRs were among the top picks among Korean investors during this period, reflecting a potential shift towards diversifying investments amid increased volatility and losses in semiconductor shares.

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