All three major U.S. stock indexes closed higher.
According to Jinse Finance, on April 9, all three major U.S. stock indices closed higher. The Nasdaq rose by 2.8%, the S&P 500 Index increased by 2.51%, and the Dow Jones gained 2.85%. Notably, the Nasdaq and S&P 500 Index both recorded six consecutive days of gains.
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Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
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