Koreans Trade Record Amount of Foreign Stocks
15 April, 2021
Koreans traded a record amount of foreign stocks and bonds in the first quarter of the entire year.
In line with the Korea Securities Depository on Wednesday, Koreans bought and sold US$157.6 billion worth of foreign stocks and bonds from January to March.
That was $128.5 billion worth of stocks, up 97 percent from the prior quarter, and $29.1 billion worth of bonds, up 19 percent.
U.S. stocks accounted for 93 percent of quarterly trade, with tech stocks making up the lion's share -- Tesla $11.9 billion, Apple $3.86 billion and data analytics company Palantir $2.18 billion.
In conditions of total balance as of end March, stocks rose 23 percent from the end of last year to $57.7 billion, while bonds fell six percent to $23.6 billion. Koreans' foreign investment is targeted on U.S. giants.
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