Korean retail investors are significantly increasing their holdings in Chinese tech giants.

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Korean retail investors are turning their attention to Chinese technology and manufacturing assets.

According to data from the Korea Securities Depository (KSD), as of last Friday in April this year, Korean investors have significantly increased their holdings in Chinese tech giants, expanding their purchases from ETFs to individual stocks, covering multiple segments such as new energy batteries, semiconductors, chemicals, and printed circuit boards.

From January to March this year, KSD data shows that among the top 50 monthly net purchases by Korean retail investors, only one non-U.S. asset made the list: the Global X China Electric Vehicle and Battery ETF, which debuted in March.

The list has traditionally been dominated by U.S. ETFs and large U.S. tech stocks. This change signals a subtle shift in retail capital flows.

Previously, in November last year, old Hong Kong stocks such as Chow Tai Fook, Alibaba, and Xiaomi were also favored by Korean retail investors.

This buying spree occurred as the Korea Composite Stock Price Index (KOSPI) broke through the 6600-point mark for the first time on Monday, with local semiconductor giants such as Samsung Electronics and SK Hynix acting as the main drivers.

Semiconductor Investment Extends to Japan and China

In addition to Chinese assets, Japanese NAND flash memory company Kioxia has been the most watched single asset among Korean retail investors in this round of buying.

Kioxia originated from Toshiba’s memory business and is one of the major global suppliers of NAND flash memory.

This layout indicates that Korean retail investors' semiconductor investment logic is no longer limited to local giants like Samsung Electronics and SK Hynix, but has extended to Japanese semiconductor listed companies and certain Chinese technology and manufacturing assets.

Overall, the flow of funds points to a global industrial chain investment route revolving around semiconductors, the artificial intelligence supply chain, electric vehicle batteries, and Chinese hardware manufacturing.

In terms of asset structure, Korean retail investors’ purchases of Chinese assets this round show a feature of simultaneous investment in both the Hong Kong and A-share markets.

For Hong Kong stocks, CATL’s H shares, Hua Hong Semiconductor, Alibaba, and Xiaomi have all appeared on the net buy list.

For A-shares, companies like Shenghong Technology in the printed circuit board segment have attracted attention; furthermore, China Chemical and Siyuan Electric are also among the purchases.

Risk Warning and DisclaimerMarkets are risky, and investments should be made with caution. This article does not constitute personal investment advice, nor does it take into account individual users' specific investment goals, financial circumstances or needs. Users should consider whether any opinions, views, or conclusions herein are suitable for their specific situation. Investments based on this are at your own risk. ```