"Despite the stock price decline"...Korean retail investors buy SpaceX shares for four straight days

[Financial News] Korean individual investors are continuing to buy SpaceX shares. On the 17th (local time) alone, their net purchases reached $136.67 million, or about KRW 209.5 billion.
According to Save-ro, the securities information portal of Korea Securities Depository (KSD), on the 21st, Korean individual investors who invest in U.S. stocks, known as “seohak ants,” had accumulated net purchases of $1.9496 billion, or about KRW 2.9887 trillion, in SpaceX.
It marked four consecutive days of net buying since the stock’s listing on the 12th. SpaceX was the most net-bought stock by Korean individual investors in the U.S. market this month, exceeding Marvell Technology by more than six times.
However, SpaceX shares, which rose after listing at $135 and climbed above $200, fell for the first time on the 17th.
Meanwhile, as of the 19th this month, Korean individual investors had posted net buying of $846.26 million, or about KRW 1.2937 trillion, in the U.S. stock market. In April and May, they recorded net selling, with total sales exceeding total purchases.

kjh0109@fnnews.com Kwon Jun-ho Reporter