According to data from the Korea Securities Depository, South Korean investors bought and sold shares worth billions in U.S.-listed businesses during the first half of 2021, with Tesla Inc (NASDAQ: TSLA) leading the field as the No. 1 favorite stock.
What happened was this: During the first six months of 2021, investors acquired $9.6 billion worth of Tesla shares and sold $7.9 billion worth of stock, according to the study, with the stock topping the list of the most actively traded foreign stocks.
South Korean traders bought $3.2 billion worth of Apple Inc (NASDAQ: AAPL) shares in the first half of the year, making the Cupertino, California-based business the second favorite.
Also read: Tesla Sells the Most Electric Vehicles in South Korea This Year: Report
Retail-favorite According to the Korea Herald, AMC Entertainment Holdings Inc (NYSE: AMC) and Churchill Capital IV (NYSE: CCIV), a special purpose acquisition firm that recently announced a merger with electric vehicle producer Lucid Motors, were also among the top buys among South Koreans.
Next: Lucid sees Tesla as a true competitor in the EV market’s “two-horse race”: CEO
The stock market in the United States was the most popular destination for Korean investors, who spent $103.4 billion on equities listed in the United States, followed by Hong Kong, China, and Japan.
Tesla shares ended the day 0.14 percent higher at $678.90, while Apple shares ended the day 1.96 percent higher at $139.96. On Friday, AMC stock fell 4.17 percent to $51.96.
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