July 20, 2021 13:10
Korean investors are buying and selling record amounts of foreign stocks. Tesla remained the most popular issue in the first six months of the year, but more recently they are turning to less volatile shares.
According to the Korea Securities Depository on Monday, Koreans' overseas stock transactions surged 193 percent on-year in the first half to US$207.7 billion, already surpassing last year's total of $198.3 billion.
U.S. stocks accounted for 93.4 percent or $194 billion, surging 67.5 percent compared to the second half of last year. Tesla remains at the top but the amount that was bought and sold declined 7.8 percent to $17.8 billion.
GameStop ranked second after a concerted onslaught by Internet collectives to rescue the game rental chain from short-sellers ($6.25 billion), followed by theater chain AMC ($4.45 billion) and Apple ($5.86 billion).
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