South Korean investors’ U.S. shareholding soared by close to 80 percent this year as they bought a lot of U.S. stocks with the U.S. stock market rallying unlike the South Korean stock market.
The Korea Securities Depository announced on Dec. 25 that South Korean investors owned U.S. stocks worth a total of US$8,334.04 million as of Dec. 23, up 78.73 percent compared to the end of last year, and their foreign shareholding jumped 47.11 percent to US$14,467.09 million during the same period. U.S. stocks accounted for 57.61 percent of the shareholding, followed by Japanese (US$1,904.39 million), Chinese (US$1,871.23 million) and Hong Kong (US$1,293.28 million).
During the period, their U.S. stock purchase and selling added up to US$16,027.22 million and US$13,700.36 million, respectively. The sum increased 36.23 percent from the end of last year. When it comes to Chinese and Japanese stocks, the sums increased 22.03 percent to US$1,839.19 million and 0.99 percent to US$1,706.82 million, respectively.
The settlement totaled US$1,598.81 million in the case of Amazon stocks, followed by China CSI 300 Index ETF and Microsoft. The top 50 consists of three Hong Kong stocks, two Japanese stocks, one Chinese stock and 44 U.S. stocks, including Alphabet (fifth), Nvidia (seventh), Apple (ninth) and Tesla (11th).