South Korean Retail Investors 'Top Out' US Stocks, Selling Over 1 Trillion Korean Won of Overseas Stocks This Week

BlockBeats News, June 7th. According to Yonhap News Agency, South Korean retail investors sold overseas stocks worth over 1 trillion Korean won in the first week of June, continuing the net selling trend since April. This amount far exceeds the $469 million in April and is close to the record $940 million for the entire month of May. If the selling continues until the end of the month, it will be the first time to see three consecutive months of net selling since April to July 2023. It is worth noting that this selloff occurred against the backdrop of the U.S. stock market repeatedly hitting new highs, with market expectations that retail funds may flow back to South Korea.

The KOSPI in South Korea broke through the historical 8,000-point mark at the end of May, led by semiconductor stocks. South Korean retail investors are taking profits in the U.S. stock market at high levels and returning to the domestic market to reposition their assets.