$137.94 Billion in Custody Assets in Q3
The Most Traded Stocks Were Semiconductor-Related ETFs
In the first half of this year, foreign currency securities held by domestic investors reached $138 billion, breaking the all-time record. The most frequently traded foreign stock was the Direxion Daily Semiconductor Bull 3X Shares ETF. Tesla surpassed Nvidia to become the most held stock.
On the 10th, the Korea Securities Depository announced that as of September, the amount of foreign currency securities held was $137.94 billion, an 8.3% increase from the end of the previous quarter. Foreign stocks increased by 7.8% to $102.04 billion, and foreign bonds also rose by 9.8% to $35.9 billion.
By overseas market, the United States accounted for the largest share at 74.4% of the total holdings. The top five markets?United States, Europe, Japan, Hong Kong, and China?accounted for 98.3% of the total holdings. Notably, the U.S. accounted for 90% of the total foreign stock holdings, a 7% increase compared to the previous quarter ($85.81 billion).
Additionally, the top foreign stock holdings were all U.S. stocks. Tesla overtook Nvidia in three months to become the stock with the highest holdings. It was followed by Nvidia, Apple, Microsoft, and the ProShares UltraPro QQQ ETF. The top 10 stocks accounted for 47.6% of the total foreign stock holdings, slightly down from 49% in June.
The settlement amount for foreign currency securities was $174.67 billion, a 37.5% increase from the end of the previous quarter. Foreign stocks increased by 36.2% to $140.51 billion, and foreign bonds rose by 43.2% to $34.16 billion.
By overseas market, the U.S. accounted for 82.1% of the total settlement amount. The top five markets?United States, Europe, Japan, Hong Kong, and China?accounted for 99.8% of the total settlement amount. In particular, the U.S. accounted for 96.4% of the total foreign stock settlement amount. The U.S. settlement amount increased by 36.8% compared to the previous quarter ($99 billion).
The foreign stock with the highest settlement amount was the Direxion Daily Semiconductor Bull 3X Shares ETF. Its ticker symbol is ‘SOXL’, a product that tracks three times the daily volatility of the Philadelphia Semiconductor Index. The Direxion Daily Semiconductor Bear 3X ETF also ranked fourth. This ETF, with ticker symbol ‘SOXS’, is a leveraged inverse product that tracks three times the inverse of the daily return of the ICE Semiconductor Index.
Nvidia ranked second, and fifth was the GraniteShares Nvidia 2X ETF, which tracks twice the return of Nvidia. Tesla ranked third in settlement amount.
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