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The most popular US stocks in South Korea are Ethereum treasuries and crypto companies, Ant Group denies Yuan stablecoin plan. Asia Express.<\/p>\n
South Korean retail investors are selling off their big tech shares such as Tesla and Alphabet in favor of Ethereum-related stocks, The Korea Economic Daily reported<\/a>, citing data from the Korea Securities Depository.<\/p>\n Tesla has long been a fixture in the top net-buy rankings for Korean retail investors, but it was sold off in the past month with around 1 trillion won ($721.6 million) in net sales. Alphabet and App<\/a>le were also heavily sold, with net sales of about 230 billion won ($166 million) and 300 billion won ($216 million), respectively.<\/p>\n These retail investors are locally called seohak ants. Seohak translates to Western learning, but in domestic finance lingo, it refers to foreign stock investors. Ants is a local nickname for retail investors, alluding to their small size but large numbers compared to institutional whales.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n