High-net-worth investors with over 1 billion won in brokerage accounts bought a lot of Samsung Electronics and Google this year

[Financial News] So far this year, high-net-worth investors holding more than 1 billion won in their brokerage accounts have bought the most shares of Samsung Electronics in Korea and Alphabet, Google’s parent company, overseas.
According to KB Securities on the 17th, from the start of the year through the 9th, Samsung Electronics ranked first among domestic stocks in terms of net purchases by wealthy investors whose average balance per brokerage account exceeded 1 billion won. The stock accounted for 29.1% of their total net purchases of Korean equities.
SK hynix came in second with 18.1%, meaning the two leading semiconductor stocks together made up nearly half of total net buying. They were followed by Hyundai Motor (9.9%), Doosan Enerbility (4.9%), Naver (3.4%), Alteogen (2.6%), Samsung SDI (2.6%), and POSCO Holdings (2.1%).
As expectations grew for government measures to revitalize the KOSDAQ market, these investors also accumulated products betting on a rebound in KOSDAQ, such as the KODEX KOSDAQ 150 ETF (2.5%) and the KODEX KOSDAQ 150 Leverage ETF (2.2%).
Among overseas stocks, Alphabet Class A took the top spot with 7.2% of net purchases. Analysts noted that the move was likely influenced by news that Berkshire Hathaway, led by Warren Buffett, had bought a large amount of Alphabet shares, adding the Google parent to its list of top 10 holdings.
They also bought Micron Technology (7.1%), Tesla (5.9%), SanDisk (5.3%), and Nvidia (2.9%), which had recently declined amid growing concerns over the artificial intelligence (AI) industry.

hwlee@fnnews.com Lee Hwan-joo Reporter