Korean Retail Investors Net Bought $552.67M of Semiconductor ETFs, 6 of Top 10 Holdings, Despite 10%-27% Declines from June 30 to July 6

According to Korea Securities Depository's Savero data, Korean retail investors net purchased $552.67 million of semiconductor-related stocks and ETFs from June 30 to July 6, with six of the top ten net-bought positions being semiconductor products, accounting for 68.1% of total top-ten net purchases.

SOXL, which tracks the Philadelphia Semiconductor Index with 3x daily leverage, led net buying with $205.8 million in inflows despite a 27.0% decline over the period. Applied Materials followed with $95.51 million in net purchases while declining 18.0%, while Micron saw $77.98 million net bought amid a 14.7% drop. The ROUNDHILL T-REX 2X LONG DRAM DAILY TARGET ETF saw $84.92 million net purchased while falling 12.3%, with all six semiconductor holdings posting double-digit losses.