South Korean domiciled investors bought and sold shares worth billions in U.S.-listed companies during the first half of 2021, with Tesla Inc (NASDAQ:TSLA) leading the pack as the No. 1 favorite stock, The Korea Herald reported on Monday — citing data from the Korea Securities Depository.
What Happened: Investors bought orders of $9.6 billion and sold stocks worth $7.9 billion in Tesla during the first six months of 2021, with the stock topping the list of the most actively traded foreign stocks, the report noted.
Apple Inc (NASDAQ:AAPL) emerged as the second favorite with South Korean traders buying shares worth $3.2 billion in the Cupertino, California-based company in the first half of the year.
See Also: Tesla Accounts For Majority Of EV Sales In South Korea This Year: Report
Retail-favorite AMC Entertainment Holdings Inc (NYSE:AMC) and Churchill Capital IV (NYSE:CCIV), a special purpose acquisition company that announced a merger plan with electric vehicle maker Lucid Motors, were also among the top buys for South Koreans, as per the Korea Herald.
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The U.S. stock market overall was a favorite destination for Korean investors who bought $103.4 billion worth of US-listed stocks, followed by Hong Kong, China and Japan.
Price Action: Tesla shares closed 0.14% higher at $678.90 on Friday and Apple shares closed 1.96% higher at $139.96. AMC stock closed 4.17% lower at $51.96 on Friday.