BlockBeats News, July 28th - According to South Korea's Seoul Economic Daily, as the South Korean stock market continues to slump, domestic investors in South Korea have once again turned to US stocks. This month, the net purchase of US stocks by South Korean domestic investors exceeded 50 trillion Korean won. According to data from Korea's Securities Depository Center's securities information portal Seibro, from the 1st to the 27th of this month, South Korean domestic investors' net purchase of US stocks totaled $35.8999 billion, approximately 5.5 times the net purchase amount for the entire month of June.

As of the 23rd, the net purchase amount was only $25.3026 billion, but in the following two trading days, it increased by $10.5973 billion. Retail investor funds were mainly concentrated in the semiconductor and technology sectors. The product with the highest net purchase this month was the Direxion Daily Semiconductor Bull 3X ETF, which tracks the Philadelphia Semiconductor Index, with a net purchase amount of $17.5919 billion. SK Hynix's ADR also continued to be popular, with the net purchase amount reaching $8.1238 billion as of the 27th.