Tesla Stock Most Preferred by Korean Investors
The Korea Securities Depository announced on Oct. 14 that South Korean investors’ foreign securities holdings hit an all-time quarterly high of US$89.72 billion at the end of September, up 0.9 percent from the previous quarter.
Their foreign stock and bond holdings were US$66.69 billion and US$23.03 billion, up 1.2 percent and down 0.04 percent from the previous quarter, respectively.
Their U.S. stocks increased 3.1 percent to US$55.61 billion, followed by Hong Kong (US$3.67 billion), Japanese (US$3.07 billion), Chinese (US$2.69 billion) and Vietnamese (US$430 million). Their Chinese stocks decreased more than US$500 million in the third quarter due to issues such as government regulation and Evergrande Group.
Their Tesla shares added up to US$10.164 billion. Their Apple and Amazon shares totaled US$3.931 billion and US$2.018 billion, respectively.
In the third quarter, South Korean investors’ foreign securities settlement fell 3.4 percent to US$100.12 billion. The quarterly settlement reached a new high in the first quarter of this year and the settlement fell 36.5 percent from the first to third quarter.
Their foreign stock settlement was US$81.26 billion, up 2.6 percent from the previous quarter. On the other hand, their foreign bond settlement dropped 22.7 percent to US$18.86 billion. Their Tesla stock settlement was US$4.754 billion, Apple US$2.4 billion, and Amazon US$2.066 billion. The Tesla stock settlement fell 19.5 percent from the previous quarter with selling exceeding buying by a margin of US$400 million.