Korean retail investors shift from US big tech to crypto-related stocks: report

Korean individuals investing in overseas stocks have increasingly turned to virtual asset-related shares, such as those tied to stablecoins, instead of U.S. big tech shares, a report showed Monday. The proportion of virtual asset-related stocks among the top 50 net-bought stocks by local individual investors rose from 8.5 percent in January to 36.5 percent in June before slightly declining to 31.4 percent in July, according to a report by the Korean Center for International Finance (KCIF). Net purchases of the top seven U.S. big tech stocks, however, dropped from a monthly average of $1.68 billion between January and April to $440 million in May, $670 million in June and further to $260 million in July. "Investments in virtual assets, particularly in shares related to stablecoins, have expanded following the passage of the U.S. GENIUS Act," the report said. Last month, U.S. President Donald Trump signed the act, which focuses on setting up regulatory guidelines for the stablecoin industry and paves the way for private firms to issue them. Overall, South Korean retail investors became netWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times