Retail investors selling semiconductors and leveraged ETFs to head to the US stock market

It has been observed that as volatility increased due to the sharp decline in the domestic stock market, individual investors sold domestic semiconductor and leveraged exchange-traded funds (ETFs) and heavily purchased ETFs tracking major U.
S. indices. 9 billion in U. S. stocks this month alone, investment demand appears to be shifting toward the U. S.
market. According to Koscom ETFCHECK on the 19th, five out of the top 10 ETFs with the highest net purchases by individual investors over the past week (July 10–16) were ETFs investing in the U. S. stock market. In particular, three out of the top four net purchases were ETFs tracking the U. S.
Standard & Poor's (S&P) 500 and Nasdaq 100 indices. The most purchased product was 'TIGER U. S. 1 billion won. 1 billion won) ranked among the top. The total net purchase volume for these five US investment ETFs reached 462 billion won.
Conversely, individual investors largely liquidated domestic semiconductor and leverage ETFs. 9 billion won) ranked among the top net sells. The disparity in returns between domestic and international stock markets is also believed to have influenced investor sentiment. 65%. It is interpreted that investors' interest has shifted to US ETFs as the decline in the US market was relatively limited while the domestic market plummeted.
In fact, investment in US stocks is also continuing. 902 trillion won) worth of U. S. stocks this month. The securities industry believes that the short-term direction of the U.
S. stock market is highly likely to be determined during the upcoming Big Tech earnings season. Analysts suggest that while the semiconductor sector has recently undergone a correction due to geopolitical risks and concerns over delays in data center investments, Big Tech and technology stocks are showing a differentiated trend as their valuation attractiveness is highlighted. An official from a securities firm stated, "As major semiconductor companies are successively raising their capital investment plans and reporting robust customer demand, it is difficult to conclude that the AI ​​investment cycle has broken down. " He added, "While short-term volatility may continue, investor sentiment could recover rapidly, centered on technology stocks, if supported by earnings.
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koreanbae@fnnews.com Bae Hangeul Reporter