South Koreans Poured $1.24B Into US Tech, Crypto During the Korean Thanksgiving
South Korean investors turned their Chuseok holiday into a week of aggressive risk-taking, funneling $1.24 billion into US tech and crypto-linked assets while domestic markets were closed between October 3 and 9.
Key Takeaways:
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South Korean investors poured $1.24 billion into US tech and crypto-linked assets during the Chuseok holiday week.
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Top buys included Tesla, Meta, and Bitcoin mining stocks, with leveraged ETFs leading the surge.
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The buying spree ended abruptly as US–China trade tensions triggered a global market pullback.
Instead of taking time off during the country’s Thanksgiving break, retail investors piled into leveraged ETFs and high-growth stocks, according to data from the Korea Securities Depository.
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