During holidays, Seohak Ants... Overseas stock trading increases by 30% annually

Average Daily Trading Value of 18 Billion Won on Lunar New Year This Year... 628% Increase Compared to 4 Years Ago

[Asia Economy Reporter Minwoo Lee] It has been revealed that overseas stock trading volume during holiday periods such as Seollal and Chuseok has increased by more than 30% annually since 2017.

Shinhan Financial Investment announced on the 21st that it analyzed the overseas stock investment behavior of its customers during the Seollal and Chuseok holidays from 2017 to this year and obtained these results. According to the survey, the average daily trading volume during the Seollal holiday period earlier this year was 18 billion KRW, a 628% increase compared to 2017. Over the past four years, the overseas stock trading volume during the holiday periods of Seollal and Chuseok combined has increased by more than 30% annually.

The country with the highest trading volume was the United States. It increased from 89% in 2017 to 98% earlier this year. The stocks mainly invested in were technology stocks. Excluding exchange-traded funds (ETFs), Tesla, Alphabet (Google's parent company), and Apple accounted for 6.57%, 5.72%, and 4.80% of the total trading amount, respectively.

Meanwhile, Shinhan Financial Investment plans to operate the dedicated overseas stock trading desk, the 'Global Desk,' 24 hours a day during the Chuseok holiday period to facilitate convenient overseas stock trading, just like on weekdays. Online trading is also available in countries where Home Trading System (HTS) and Mobile Trading System (MTS) are supported (United States, China, Hong Kong, Japan, Indonesia, Vietnam). However, China will be closed from the 1st to the 8th of next month, and Hong Kong will be closed from the 1st to the 2nd of next month during the holiday period.

Park Seokjung, head of the overseas stock team at Shinhan Financial Investment Research Center, advised overseas stock investors during this Chuseok holiday period to pay attention to the first US presidential election TV debate scheduled for the 29th (local time) and the trends of major countries' economic indicators. Park said, "We need to watch whether the US presidential election situation, which has recently been narrowing in approval rating gaps, will change after the TV debate," and added, "We should also monitor the upcoming announcements of manufacturing, consumption, and inflation indices in the US, China, and Europe during the holiday period."

This content was produced with the assistance of AI translation services.