Korean overseas retail investors are turning to purchase stocks related to encryption assets, avoiding major tech stocks in the US.

Odaily News According to a report from the Korea International Financial Center, influenced by the weakening of technology stocks in the U.S. market and the strengthening of the Korean won, South Korean overseas retail investors have recently reduced their purchases of major U.S. technology stocks, instead increasing their holdings in stocks related to stablecoins and encryption assets. From January to April, retail investors had a monthly net purchase average of 3.8 billion USD, but turned to net selling starting in May, with buying strength remaining weak in July. The proportion of stocks related to encryption assets among the top 50 stocks bought by retail investors increased from 8.5% in January to over 30% in July, with companies holding Circle, Coinbase, and Ether attracting significant attention. The report predicts that the scale of overseas purchases by retail investors may remain sluggish in the short term.