During the last quarter, from October to December 2019, investors in South Korea together bought a total of $ 59.3 million in Apple shares. These are specifically South Korean investors buying new stocks and does not include existing Apple stocks that have been traded locally.
Going through new investments, The Korea Herald said Apple rose 86% and outperformed all other tech stocks.
Figures from the Korea Securities Depository (KSD) indicate that in December alone, South Korean investors bought $ 30.6 million in Apple shares. Local investors now hold $ 236 million in Apple shares, up from $ 134 million a year ago.
South Korea is home to Samsung, but the The Korea Herald says investors have bought more US stocks in the past year. He says this is because “the Korean stock market has suffered a relatively lackluster performance compared to the American market”.
The publication also credits sales of new Apple products during the year, including Apple, better than expected.