100 billion dollars in "Seohak ants" holdings...Seoul stocks to be shunned

[Anchor]
Unlike our stock market, which has not been in a tailspin since former U.S. President Donald Trump's victory in the presidential election, the U.S. stock market has been on an upward trajectory, causing rapid movement of funds to the U.S.

The valuation of U.S. stocks held by "Seohak Ant," a domestic investor who invests in overseas stocks, has exceeded $100 billion, and the problem is that this trend could continue to grow in the future.

Reporter Ryu Hwan-hong reports.

[Reporter]
Since former U.S. President Donald Trump's victory in the presidential election, the New York Stock Exchange's three major stock indexes have been on the rise, hitting record highs every day.

Tesla, which is the most owned by "Seohak Ant," a domestic investor who invests in overseas stocks, has a market capitalization of more than $1 trillion at once due to the Elon Musk effect that supported Trump.

As the U.S. stock market heated up, investment in U.S. stocks of "Seohak ants" surged, with stock holdings exceeding $100 billion as of the 10th.

Unlike the U.S. stock market, our stock market's recent moves in the KOSPI and KOSDAQ indexes are worse than at the end of last year, only disappointing domestic investors.

In particular, our stock market has been hit directly after former President Trump's victory in the presidential election.

As disappointment with our stock market grew and the price of Bitcoin, a representative virtual asset, soared, investment in virtual assets, which had been shrinking, also increased again.

Before the presidential election, former President Trump vowed to use Bitcoin as a national strategic reserve asset such as gold and oil, so the price of Bitcoin has been hitting an all-time high since Trump's election.

The prospect that Elon Musk, who is also a supporter of virtual assets, could take office is also a boon to investing in virtual assets.

[Yum Seung-hwan / Director of LS Securities: Elon Musk wants to make Bitcoin to pay for his electric car. We can't rule out the possibility of pursuing such things because we've talked about it once before. So in this future painting of Elon Musk with Trump....]

Some predict that if the U.S. stock market continues to boom before Trump's inauguration, the number of West Hak ants leaving our stock market will increase, and the U.S. stock holdings of West Hak ants will double to the level of late last year by the end of this year.

I'm YTN's Ryu Hwan Hong.

Filmmaker of
;Ryu Seok-gyu, On Seung-won, Shin Hong