Korean Investors’ U.S. Stock Holdings Shed Estimated 13 Trillion Won as Tech Shares Tumble
The value of U.S. stocks held by Korean individual investors, commonly known as seohaekgaemi, is estimated to have fallen by more than 13 trillion won in a single day as U.S. stock markets suffered broad declines. The tech-heavy Nasdaq Composite plunged more than 5%, while several stocks heavily hel
Korean individual investors, or seohaekgaemi, saw their U.S. stock holdings drop by an estimated 13 trillion won following a broad decline in U.S. stock markets. The tech-heavy Nasdaq Composite suffered the most significant losses, falling more than 5%. Major holdings such as Tesla, Nvidia, and Micron Technology experienced steep declines, exacerbating the impact on investor portfolios.
Leveraged products, like the SOXL ETF, also saw significant drops, magnifying the overall decline in value. As a result, the total value of Korean investors' U.S. stock holdings is now estimated to have fallen below $170 billion, representing a substantial decrease from the previous day's value.
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