Korean Retail Investors Flock to Amazon, Micron, SanDisk

Korean retail investors have been on a buying spree in individual tech stocks over the past four days, snapping up more than $450 million worth of Amazon, Micron, and SanDisk shares.

According to data from Seibro, the securities information portal of the Korea Securities Depository, Korean retail investors were net buyers of Amazon shares worth $151.49 million between Aug. 3 and Aug. 6.

Micron Technology and SanDisk followed closely with net purchase settlement amounts of $151.02 million and $147.62 million, respectively.

This shift in buying pattern contrasts sharply with July, when the Direxion Daily Semiconductors Bull 3X Shares ETF (SOXL) and SK Hynix American depositary receipts ranked first and second in net buying.