Tesla Stock – Retail traders emerge as large gamers in stock markets
SEOUL, Jan. 17 (Yonhap) — South Korean retail traders have emerged as deep pockets within the stock market, pouring in additional than 100 trillion received (US$90.6 billion) since early final yr, knowledge confirmed Sunday.
Particular person traders internet purchased a mixed 102.2 trillion received in native and abroad stocks from Jan. 2, 2019, to Friday, in line with knowledge from the Korea Securities Depository (KSD).
Throughout the cited interval, people purchased a internet 77.eight trillion received worth of native stocks. They purchased 59 trillion received worth of stocks traded on the principle KOSPI market, 51.three % of which have been prime cap Samsung Electronics shares.
They poured a mixed 24.Four trillion received worth of abroad stocks, 23.7 % of which was spent on U.S. electrical carmaker Tesla.
Native brokerages anticipated retail traders’ shopping for binge to proceed this yr.
“Traders are rising their deposit for stock funding as a lot as their shopping for dimension, which signifies that they’ve ample bullets to spare,” Samsung Securities senior researcher Jeong Myung-ji mentioned.
Within the interval from Jan. 4-15, retail traders’ stock shopping for surged to 16.7 trillion received.