
South Korean investors continue to aggressively buy US stocks despite warnings of an AI bubble.
According to the Korea Central Securities Depository, in the first 15 days of November, individual investors made net purchases of $3.63 billion worth of overseas stocks – mostly in the US market. Meta Platforms was the stock with the highest net purchases by South Korean investors, followed by Nvidia. Prior to this, October saw a record net purchase of $6.8 billion. This development suggests that investors are taking advantage of the correction in major US indices to average down their prices, amidst warnings from some experts that the current sharp rise in AI stocks resembles the dot-com bubble of the late 1990s.
From the beginning of November to November 15th, Meta Platforms was the stock with the highest net buying by South Korean investors, totaling $560 million, followed by Nvidia with $543 million. Investors also poured $271 million into a leveraged ETF tracking Meta's price movements, approximately double its net investment. Aside from the two ETFs tracking the Nasdaq-100 and S&P 500, all other stocks in the top 10 highest net buying were in the technology sector related to AI.
Lee Da Young, an expert at the Korea International Finance Center, noted that individual investors' foreign investment portfolios continue to heavily favor technology stocks. Given the recent more favorable performance of the domestic market compared to international markets, the question is whether this trend will alter South Korean capital flows in the future.
Meanwhile, foreign investors sold off South Korean stocks aggressively. Data from the Korea Exchange shows that from November 1 to 15, foreign investors net sold 9.13 trillion won (US$6.2 billion) worth of KOSPI-listed shares to lock in profits amid increased market volatility.
Source: https://vtv.vn/nha-dau-tu-han-quoc-manh-tay-mua-vao-co-phieu-my-100251117211510057.htm







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