South Korean investors directed $1.24 billion into US tech and crypto-linked assets during the Chuseok holiday from October 3 to 9, according to data from the Korea Securities Depository. With domestic markets closed, significant investments were made in leveraged ETFs and high-growth stocks, including $151 million in the Direxion Daily Tesla Bull 2X ETF and $95 million in the T-REX 2X Long BMNR Daily Target ETF.
This investment surge followed a strong rally in the Kospi Index prior to the holiday, although global markets faced declines due to renewed US–China trade tensions. Meanwhile, South Korea's financial regulator has taken steps to suspend crypto lending services to mitigate risky financial practices.
South Koreans Invest $1.24 Billion in US Tech and Crypto During Chuseok
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