| Mobile Web

Search results for QQQ

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.

Finance

U.S. stock net buying by South Korean retail investors tops 5 trillion won amid domestic market pullback

South Korean retail investors\' net buying of U.S. stocks has topped 5 trillion won so far this month as a pullback in the domestic market persists. Net buying from July 1 to 27 reached $3.59 billion, with purchases concentrated in a leveraged U.S. semiconductor ETF and SK Hynix ADRs. The monthly total is about 5.5 times last month’s net buying, while net buying of a leveraged South Korea ETF declined.

Crypto

DTCC begins live securities tokenisation trading with 40 firms including JPMorgan

U.S. securities settlement group DTCC has started operating a securities tokenisation service in live markets, covering assets including Microsoft shares and U.S. Treasuries. DTCC plans a July pilot limited to about 1,000 instruments before expanding to full availability around October. The service, developed by its depository DTC, lets participants use tokenised assets for collateral transfers, repo transactions and stock trades, with settlement on either Hyperledger Besu or the Canton Network.