Search results for Direxion Daily Semiconductor Bull 3X
Finance
Betting on a shaky Korean market: Are Korean retail investors going all-in on leverage?
Korean investors are continuing high-risk leveraged trading in U.S.-listed ETFs as South Korea’s stock market swings sharply, data showed. From Sept. 18 to Oct. 21, Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) ranked first in foreign securities purchases, with net buying of $2.76 billion. Demand also rose for Direxion Daily MSCI South Korea Bull 3X Shares ETF (KORU) and Nasdaq-linked leveraged products. Meanwhile, short-term risk funds and margin financing in Korea declined.
Finance
Korean retail investors\' U.S. stock holdings top $200 billion again
Korean retail investors are again shifting funds to the U.S. stock market, pushing holdings above $200 billion for the first time in about four months. Depositary data showed U.S. stock holdings at $200.2 billion as of Oct. 5. Holdings had peaked at $206.3 billion on June 2 before falling to $171.5 billion at end-July, then rebounded from August. Net buying resumed in June and continued for four consecutive months.
Finance
Korean retail investors pay 10 percent premium for SK Hynix ADR
Korean retail investors sharply increased purchases of U.S. stocks during a domestic market correction, with July net buying at about $4.5 billion, CNBC reported. SK Hynix ADRs drew about $840 million, ranking second in Koreans’ U.S. securities net buying, even though the shares are available at home. Arcadian Asset Management’s Owen Lamont said the ADR traded about 10 percent above the Korean shares and called the buying abnormal.
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Finance
U.S. stock net buying by South Korean retail investors tops 5 trillion won amid domestic market pullback
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Finance
Korean stock volatility drives retail investors back to U.S. markets
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Finance
Korean retail investors turn net buyers of U.S. stocks after 3 months on SpaceX listing
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Finance
South Korea considers 3x leverage ETFs to lure retail investors back