The shift came as the Kospi underwent a correction after hitting a record closing high of 9,114.55 points on June 22.
A trader works on the floor of the New York Stock Exchange in New York City on July 6.
REUTERS/YONHAP
Korean individual investors purchased over $7 billion worth of U.S. stocks over the past two months following a correction in the local equity market, industry data showed on Sunday.
Retail investors bought a net $7.04 billion worth of stocks in the U.S. market from July 1 through Thursday, according to data from the online portal operated by the Korea Securities Depository.
Over the same period, they purchased a net 8.75 trillion won ($6.4 billion) in the Kospi market and a net 1.57 trillion won in the secondary Kosdaq market.
In the United States, individuals bought a net…
