The South Korean Stock Market Slump Drives Retail Investors to Shift to US Stocks, Net Buying Exceeds 5 Trillion KRW This Month
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BlockBeats News, July 28th - According to South Korea's
Seoul Economic Daily
, Retail investor funds were mainly concentrated in the semiconductor and technology sectors. The product with the highest net purchase this month was the Direxion Daily Semiconductor Bull 3X ETF, which tracks the Philadelphia Semiconductor Index, with a net purchase amount of $17.5919 billion. SK Hynix's ADR also continued to be popular, with the net purchase amount reaching $8.1238 billion as of the 27th.
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