During the Chuseok holiday, when the domestic stock market was closed, Seohak ants actively bought U..
Beast’s Heart of the West Ants Tumble Despite Hundreds of Billion Net Purchases of Tesla, BitMine Double-Leverage Betting Over the Holiday
사진 확대 Yonhap News Agency
During the Chuseok holiday, when the domestic stock market was closed, Seohak ants actively bought U.S. technology stocks and coin stock-related leveraged exchange-traded funds (ETFs) and lost a lot. This is because the U.S. stock market and virtual asset market collapsed on the 10th (local time) as U.S. President Donald Trump raised concerns about the resumption of the U.S.-China trade war.
According to the Korea Securities Depository on the 13th, TSLL ($167.48 million) was the top net purchase of overseas stocks by domestic investors from the 3rd to the 10th. TSLL is a product that follows twice the fluctuation rate of Tesla, a global electric vehicle company.
TSLL plunged 10.24% on the 10th alone. This is because Tesla fell more than 5% due to President Trump’s hard-line remarks, raising concerns about the re-ignition of the U.S.-China trade war. On this day, President Trump posted on Truth Social, a social networking service (SNS), and threatened to impose an additional 100% tariff on China from November 1st and enforce export controls on key software to China.
The third-largest net purchase of overseas stocks was BMNU, which follows twice the fluctuation rate of Bitcoin mining company BitMine. Local investors bought a net 1104.7 billion won of BMNU during the period, with the 10-day decline reaching 21.84 percent. President Trump’s remarks also affected the market capitalization of virtual assets by $400 billion.
Domestic investors net purchased U.S. stocks for a total of $1.388.67 billion, mainly technology and coin stocks, for six trading days from the 3rd to the 10th. It was 20.09% more than the previous six trading days, September 25th to October 2nd ($1156.3 million).
Most of the top net buying stocks fell during the period. The top 10 net buying stocks were artificial intelligence (AI) and virtual assets-related stocks, with seven falling, including AI stocks TSLA (-10.24%), Irene (-6.39%), Meta (-3.85%), Tesla (-5.06%), Palantir (-5.41%), Nvidia (-4.89%), and coin stocks BMNU (-21.84%).
The three stocks that rose were IONZ (17.18%), which follows twice the fluctuation rate of quantum computing company IONQ, Fermi (8.63%), an AI infrastructure company listed on Nasdaq on the 1st, and GLD (1.01%), a gold spot ETF.
