Korean Investors Suffer Double Losses in Domestic, U.S. Markets

The Chosun Ilbo · Park Ji-young(ChosunBiz) ·

Korean Investors Suffer Double Losses in Domestic, U.S. Markets Tesla, Nvidia Plunge as Semiconductor, Tech Concentration Leaves Investors Vulnerable

Since July, individual investors who turned to overseas stocks amid domestic market corrections have recently faced double trouble due to the sharp decline in U.S. markets. This is because the U.S. market has also become more volatile due to overlapping adverse factors such as concerns over artificial intelligence (AI) overvaluation and U.S. midterm elections.

In particular, major indices and tech stocks heavily purchased by Seohak ants (Korean retail investors buying foreign stocks) have plummeted, effectively eliminating the defensive benefits of diversified overseas stock investments.

On the 6th, the Kospi index closed at 5,059.69, down 6.02% (324.11 points). The previous night’s sharp declines in the Nasdaq (-5.52%) and S&P 500 (-4.36%) indices, along with the direct impact of semiconductor stocks like Micron (-17.46%), Nvidia (-9.26%), and SK Hynix ADR (-13.40%), were fully reflected.

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