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Finance

Korean stock volatility drives retail investors back to U.S. markets

Repeated sharp swings in South Korea\'s stock market are pushing retail money back into U.S. equities. Credit-financed stock balances and unsettled trading receivables have fallen, while investor deposits remain above 100 trillion won. Retail investors turned from heavy buying of SK Hynix and Samsung Electronics to net selling in late July. Net buying of U.S. shares surged, led by the 3-times leveraged semiconductor ETF SOXL. A lower won-dollar exchange rate also reduced costs.

Finance

ETF net assets fall nearly 57 trillion won as stocks slump; single-stock leverage swings

South Korea\'s total ETF net assets fell by nearly 57 trillion won after the domestic stock market slumped following the listing of single-stock leveraged ETFs tied to Samsung Electronics and SK Hynix. Net assets of the 16 related leveraged and inverse products rose from about 4.4 trillion won on launch day to 17.6 trillion won before falling to about 9.92 trillion won. Financial authorities tightened rules, while investors increased net purchases of U.S. stocks.

Finance

Korean retail investors turn net buyers of U.S. stocks after 3 months on SpaceX listing

Korean retail investors in U.S. stocks turned net buyers in June for the first time in three months, Korea Securities Depository data showed. They recorded net purchases of $233.66 million, with $1.10468 billion bought and $871.01 million sold. The shift followed net selling in April and May. Buying was led by SpaceX, with $1.89307 billion purchased in June, while semiconductor-related names also drew inflows.