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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.

Crypto

Gen Z shows clear preference for ETFs over individual stocks, keeps distance from high-risk investments

Gen Z is rapidly increasing its share of exchange-traded fund (ETF) trading over individual stocks on Binance, while showing lower trading frequency and leverage use than other age groups, Binance Research found. As of early August, ETFs accounted for 25 percent of Gen Z’s stock-related trades. The ETF share of Gen Z stock funds rose from 18.5 percent in June to 21.9 percent in July, while individual stocks fell. The tokenised stock market also continued to grow.

Finance

KOSPI nears 7,000 as foreign buying, U.S. rate trend in focus

South Korean stocks are expected to test whether the KOSPI can hold the 7,000 level this week. With semiconductors leading a rebound and gains spreading to non-chip sectors, investors are watching whether foreign buying continues and how U.S. long-term Treasury yields move. Exports in early August rose sharply, led by chip shipments. Markets are also monitoring the release of the Fed’s July meeting minutes and U.S. economic indicators.