Nvidia tops Korean investors' weekly US stock buying list
Korean investors aggressively bought Nvidia shares last week, seizing on a steep sell-off triggered by revelations of former CEO Jensen Huang's extramarital affairs and subsequent resignation as a buying opportunity, data showed Sunday. Nvidia topped Korean investors' net-buying list for U.S.-listed stocks from Nov. 9 through Friday, with the amount reaching $319.75 million, according to SEIBro,…
Korean investors poured money into Nvidia shares last week, capitalizing on a significant sell-off initiated by revelations of former CEO Jensen Huang's extramarital affairs and subsequent resignation. According to data released on Sunday, Nvidia emerged as the top recipient of net buying from Korean investors for U.S.-listed stocks between November 9 and November 15, with purchases totaling $319.75 million.
This represented a staggering 717% increase from the previous week. The surge marked a dramatic turnaround from the beginning of the week, when Korean investors offloaded a net $6.6 million worth of Nvidia shares following Huang's public admission of marital infidelity. However, the selling spree was brief. Investor sentiment shifted immediately after, with renewed buying on November 10 and further escalation on Friday.
On that day, Korean investors snapped up an impressive $254.85 million worth of Nvidia shares as the stock plummeted by up to 14% in a single trading day following the news of Huang's resignation. The buying frenzy extended beyond individual shares, spilling over into exchange-traded funds (ETFs) listed on the Korean market. The five Korea-listed ETFs that comprise this data are not specified in the source.
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- Nvidia tops Korean investors' weekly US stock buying list koreatimes.co.kr
