Korean retail investors have ramped up U.S. stock purchases this month, shrugging off mounting concerns over a potential artificial intelligence (AI)-driven market bubble, data showed Sunday.<\/p>\n
According to the Korea Securities Depository, retail investors logged $3.63 billion in net purchases of overseas equities from Nov. 1 through Friday. Nearly the entire volume of overseas stock purchases went into U.S. equities.<\/p>\n
This month’s net buying is far outpacing last month’s, with the volume already more than double that of the same period in October. The buying spree follows October’s record-breaking $6.8 billion in net purchases \u2014 2.5 times September’s total and the highest since data tracking began in 2011.<\/p>\n
The sustained appetite suggests that investors are averaging down amid a pullback in major U.S. benchmarks, with some market watchers drawing parallels between the current AI rally and the dot-com bubble of the late 1990s.<\/p>\n
Meta Platforms was the most heavily purchased stock by Korean retail investors from Nov. 1 to Friday, attracting $560 million in net inflows. Nvidia, seen as the bellwether of the AI boom, followed closely with $543 million in net buying. Investors also funneled $271 million into a leveraged exchange-traaded fund (ETF) designed to amplify Meta\u2019s price movements by roughly two times.<\/p>\n
Excluding two ETFs tracking the Nasdaq-100 and the S&P 500, every other name in the top 10 net-buy list was a tech stock tethered to the AI industry.<\/p>\n
“Korean retail investors’ overseas portfolios continue to show a pronounced tilt toward technology stocks,” said Lee Da-young, an economist at the Korea Center for International Finance. “With domestic equities recently outperforming overseas markets, attention is turning to whether this rotation will alter the trajectory of Korean capital flows.”<\/p>\n
The surge in overseas allocations comes as foreign investors offload Korean shares at scale. Data from the Korea Exchange show foreign investors sold 9.13 trillion won’s ($6.2 billion) worth of KOSPI-listed equities from Nov. 1 through Friday, locking in profits amid market volatility.<\/p>\n","protected":false},"excerpt":{"rendered":"Korean retail investors have ramped up U.S. stock purchases this month, shrugging off mounting concerns over a potential…\n","protected":false},"author":2,"featured_media":138845,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,111,139,69,145],"class_list":["post-138844","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-new-zealand","tag-newzealand","tag-nz","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/138844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=138844"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/138844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/138845"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=138844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=138844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=138844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}