South Korean Investors Net-Bought $3.55 Billion of SOXL Through Oct. 22

South Korean individual investors net-bought $3.548 billion of the triple-leveraged U.S. semiconductor ETF SOXL through Oct. 22, accounting for nearly three-quarters of their net U.S. stock purchases.

Their net purchases of all U.S. stocks totaled about $4.8 billion from Oct. 1-22, making SOXL’s share 73.9%. The Korea Composite Stock Price Index (KOSPI) was down 18.83% month to date as of Oct. 25.

Separately, investors net-bought 315.4 billion won of single-stock leveraged products tied to Samsung Electronics and SK Hynix from Oct. 1-23. It was their first month of net buying in those products since regulators tightened rules in late July.