Selling houses to increase the position in US stocks. The big dump in US stocks has triggered Korean retail investors to place crazy bets.

Jin10 data reported on March 24th that the pessimistic sentiment on Wall Street is putting pressure on staunch supporters of the "American exception"—namely, the adventurous retail investors from South Korea. According to deposit data since 2011, as of March 20th, these investors have poured $10.2 billion into U.S. stocks and ETFs, setting a record for quarterly inflows. They favor battered stocks like Tesla (TSLA.O), which has fallen 38% this year, and have invested billions into leveraged ETFs that amplify price fluctuations. Trump's aggressive stance on global trade has severely weighed down stock prices, and the two-year tech stock boom led by the "seven giants" has turned into a prolonged decline lasting several months. Noh, a white-collar worker from Seoul, sold his house last year and invested nearly half of the proceeds into the U.S. stock market. He said that the $480,000 he used to purchase Nvidia has now dropped about 10%, while his $69,000 investment in Tesla has lost 40%. He stated, "At that time, the Korean stock market was performing very poorly, and I have reduced my holdings in Korean stocks." Noh mentioned that he initially expected to make money soon, but it has now turned into a long-term investment. He said, "I will hold the stocks until I make a profit. If necessary, I can wait 5 years, or even 10 years."