South Korean domestic investors have shifted into US equities amid a weak local
market, net-buying USD 3.58999bn (about KRW 5 trillion) from Aug. 1-27, Seibro
(Korea Securities Depository) data show. That amount is roughly 5.5x June's
full-month net purchases. As of Aug. 23 net buys were USD 2.53026bn; the
Following two trading days added USD 1.05973bn. Retail flows are concentrated in
semiconductor and technology names. The largest net inflow was Direxion Daily
Semiconductor Bull 3X ETF (USD 1.75919bn), and SK Hynix ADRs saw USD 812.38m in
net buys through Aug. 27.