South Korean Retail Investors Shift Strategy: Selling Semiconductor Stocks for SOXL

According to data from the Korea Securities Depository, South Korean retail investors significantly reduced their holdings in individual U.S. semiconductor stocks in September, while aggressively purchasing the leveraged ETF SOXL. Investors net sold over $100 million of Micron, $68.61 million of SanDisk, $49.37 million of Marvell Technology, and $15.56 million of NVIDIA. Additionally, SK Hynix ADR saw $46.16 million in net outflows. Conversely, retail investors poured $431 million into SOXL, which tracks 3x the daily performance of the PHLX Semiconductor Se