South Korean retail investors have recently shifted their focus when investing in overseas stocks, moving from US big tech stocks to crypto-related equities amid growing global interest in the sector.
South Korean Investors Turn To Crypto Stocks
Over the past few months, South Korean individuals investing in overseas stocks have shifted from US big tech equities to crypto-linked stocks, recent data showed, with a focus on stablecoin-related companies.
Citing data from the Korean Center for International Finance (KCIF), Yonhap News Agency reported that the percentage of crypto-linked equities in the top 50 net-bought stocks by local retail investors increased from 8.5% in January to 36.5% in June before dropping to 31.4% last month.
Meanwhile, net purchases of the top seven US big te