Record High H1 Overseas Stock Settlements of 300 Trillion KRW... Tesla and GameStop Lead Rankings

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[Asia Economy Reporter Lee Seon-ae] The amount of foreign currency securities settlement and custody through the Korea Securities Depository (KSD) set record highs on a semi-annual basis. Domestic investors investing in overseas stocks (Seohak Gaemi) bought and sold stocks worth up to 300 trillion won in the first half of this year alone.

According to the KSD on the 19th, the settlement amount of foreign currency securities by domestic investors in the first half of this year was recorded at 261.2 billion dollars. The foreign currency securities settlement amount surged 44.3% compared to the previous half (180.94 billion dollars). It accounted for 80.8% of last year's annual settlement amount (323.39 billion dollars). Foreign currency stocks amounted to 207.74 billion dollars, a 63% increase compared to the previous half (127.41 billion dollars). Sales were 96.896 billion dollars, and purchases were 110.844 billion dollars. Foreign currency bonds amounted to 53.46 billion dollars, a 0.1% decrease compared to the previous half (53.53 billion dollars).

By overseas market, the United States accounted for the largest share at 75.8% of the total settlement amount. The top five markets?United States, Euro market, Hong Kong, China, and Japan?accounted for 99.3% of the total settlement amount.

In the case of foreign currency stocks, the United States accounted for 93.4% of the total foreign currency stock settlement scale. Compared to the previous half (115.8 billion dollars), it rose 67.5%, continuing the trend of popularization of domestic investors' investment in U.S. stocks.

The top foreign currency stock settlement items were Tesla, GameStop, Apple, etc., with all top 10 items being U.S. stocks. Tesla, the number one item last year, had a settlement amount of 17.78 billion dollars in the first half of this year, down 7.8% from the previous half (19.28 billion dollars). In particular, the net purchase settlement amount (1.71 billion dollars) sharply decreased by 32.4% compared to the previous half (2.53 billion dollars).

The top 10 items were ▲Tesla ▲GameStop ▲Apple ▲DIREXION DAILY SEMICONDUCTOR BULL 3X ▲AMC Entertainment Holdings ▲Churchill Capital ▲Palantir ▲Bank of Montreal ▲Amazon ▲NVIDIA in order.

The custody amount of foreign currency securities by domestic investors through the KSD in the first half was 88.92 billion dollars, up 23.1% compared to the end of the second half of last year (72.22 billion dollars). Foreign currency stocks were 65.88 billion dollars, up 39.9% compared to the end of the second half of last year (47.08 billion dollars). Foreign currency bonds were 23.04 billion dollars, down 8.4% compared to the end of the second half of last year (25.14 billion dollars).

By overseas market, the United States accounted for the largest share at 61.4% of the total custody amount. The top five markets accounted for 97.6% of the total custody amount.

In the case of foreign currency stocks, the United States occupied 81.9% of the total foreign currency stock custody scale. Compared to the previous half (37.34 billion dollars), it rose 44.4%, showing a continuous increase in the balance of domestic investors' U.S. stock investments. By type, the top foreign currency stock custody items consisted of U.S. Nasdaq tech stocks, Nasdaq 100, and exchange-traded funds (ETFs) tracking large U.S. stocks. Among the top 10 custody items, the amount of U.S. stocks accounted for 32.3% of the total foreign currency stock custody amount (65.88 billion dollars).

The top 10 items were ▲Tesla ▲Apple ▲Amazon ▲NVIDIA ▲Alphabet A ▲Microsoft ▲INVSC QQQ ETF ▲Hansoh Pharmaceutical ▲SPDR S&P 500 ▲Palantir in order.

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