Ants Obsessed with Tesla... Foreign Currency Securities Settlement Amount Hits Record High of 172 Trillion in First Half Amid Overseas Stock Frenzy
The Country with the Highest Foreign Securities Settlement Amount is Undoubtedly 'United States'
Top Settlement Stocks Shifted from 'Amazon' to 'Tesla' in the Second Half of Last Year
[Asia Economy Reporter Oh Ju-yeon] This year, the scale of domestic investors' overseas stock and bond investments reached an all-time high on a semiannual basis.
According to the Korea Securities Depository on the 20th, the settlement amount of foreign currency securities by domestic investors in the first half of this year was $142.44 billion (172 trillion KRW), marking the highest level on a semiannual basis. This accounts for 83.2% of last year's annual settlement amount ($171.22 billion).
The settlement amount for foreign currency stocks was $70.91 billion, an increase of 209.5% compared to the previous half, while the settlement amount for foreign currency bonds was $71.53 billion, up 11.3%.
Among all markets, the market with the highest proportion of foreign currency securities settlement amount was undoubtedly the United States (52.1%). Domestic investors settled $74.23 billion in the U.S. market alone. Additionally, five markets including the U.S., Euro market, Hong Kong, China, and Japan accounted for 99.3% of the total foreign currency securities settlement amount, showing a clear concentration trend.
Tesla ranked first in settlement amount among foreign currency stocks. Domestic investors settled $4 billion in Tesla in the first half of this year, a significant increase of 1271.9% compared to the previous half ($290 million).
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Other top settlement items included Microsoft ($2.8 billion), Apple ($2.68 billion), and Amazon ($2.42 billion). In addition, investment funds flowed into exchange-traded funds (ETFs) such as UltraPro QQQ ($2.27 billion) and UltraPro Short QQQ ($1.41 billion), all of which are U.S.-listed securities.
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