KOSPI 5,000breakout prompts retail investors to buy Samsung Electronics and SK hynix
As the KOSPI 5,000crosses the line and market talk turns to 9,000, more individual investors who had only been trading U.S. stocks are opening domestic accounts and buying Samsung Electronics and SK hynix. It is reported that profit posts by investors around them triggered the switch in accounts.
As the KOSPI 5,000crosses the line and news continues to mention 9,000, the number of individual investors opening new domestic stock accounts is rising.
Office worker O45 has traded only U.S. stocks for more than 2 years. It is said that he was usually skeptical about investing in domestic stocks, to the point of saying, “I do not do the local market for this reason.”
The reasons cited by O were split listings, major shareholder risk, and foreign investor volatility. He said he usually did not look at domestic stocks because of this structure.
Recently, friends who had been investing together are said to have certified high returns, centered on Samsung Electronics and SK Hynix. The friends reportedly said, “This time is different,” and mentioned a semiconductor supercycle.
Influenced by this, O opened a domestic stock account this spring. It is said that after opening the account, O bought Samsung Electronics and SK Hynix.
This case shows that among domestic investors, some who had insisted only on U.S. stocks have begun shifting funds back to the domestic market after reading the mood. The article linked this movement to herd psychology among individual investors.
Sources: 파이낸셜뉴스 증권
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