South Korean domiciled investors bought and sold shares worth billions in U.S.-listed companies during the first half of 2021, with Tesla Inc leading the pack as the No. 1 favorite stock, The Korea Herald reported on Monday — citing data from the Korea Securities Depository.
What Happened:Investors bought orders of $9.6 billion and sold stocks worth $7.9 billion in Tesla during the first six months of 2021, with the stock topping the list of the most actively traded foreign stocks, the report noted.
Apple Inc emerged as the second favorite with South Korean traders buying shares worth $3.2 billion in the Cupertino, California-based company in the first half of the year.
Retail-favorite AMC Entertainment Holdings Inc and Churchill Capital IV , a special purpose acquisition company that announced a merger plan with electric vehicle maker Lucid Motors, were also among the top buys for South Koreans, as per the Korea Herald.
The U.S. stock market overall was a favorite destination for Korean investors who bought $103.4 billion worth of US-listed stocks, followed by Hong Kong, China and Japan.
Price Action:Tesla shares closed 0.14% higher at $678.90 on Friday and Apple shares closed 1.96% higher at $139.96. AMC stock closed 4.17% lower at $51.96 on Friday.
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