Foreign Securities Custody Amount Hits $89.7 Billion 'All-Time High'... Tesla and Apple Lead Rankings
[Asia Economy Reporter Lee Seon-ae] The amount of foreign currency securities held by domestic investors reached a quarterly record high.
The Korea Securities Depository announced on the 14th that the amount of foreign currency securities held by investors through the depository reached $89.72 billion in the third quarter.
This is a 0.9% increase compared to $88.92 billion in the previous quarter and is the highest quarterly amount on record.
The settlement amount of foreign currency securities in the third quarter was $100.12 billion, down 3.4% from $103.64 billion in the previous quarter.
By type of holdings, foreign currency stocks amounted to $66.69 billion, up 1.2% from the previous quarter, while foreign currency bonds were $23.03 billion, down 0.04% from the previous quarter.
By market, the United States accounted for the largest share at 63.3% of total holdings, and the top five markets including the US, Eurozone, Hong Kong, Japan, and China accounted for 97.9% of total holdings.
By individual securities, Nasdaq technology stocks and large-cap Nasdaq-tracking exchange-traded funds (ETFs) such as Tesla at $10.16 billion and Apple at $3.93 billion ranked among the top holdings.
In terms of settlement amounts, foreign currency stocks were $81.26 billion, up 2.6% from the previous quarter, while foreign currency bonds were $18.86 billion, down 22.7% from the previous quarter.
By market, the US accounted for 76% of total settlement amounts, and the top five markets accounted for 99.2% of total settlements.
Among the top 10 securities by settlement amount, nine were US stocks including Tesla, Apple, and Amazon.
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The top security by settlement amount, Tesla, recorded $4.75 billion in settlements in the third quarter, down 19.5% from $5.9 billion in the previous quarter. Additionally, the selling amount exceeded the buying amount, resulting in a net sale of $400 million.
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