Korean retail investors, often called Seohak ants (South Koreans buying overseas stocks), swung from leveraged semiconductor bets toward individual U.S. technology shares in early August. Between Aug. 3 and Aug. 6, Amazon led net buying at $151.49 million, followed by Micron Technology at $151.02 million and SanDisk at $147.62 million, while investors were net sellers of SOXL by $1.84254 billion and trimmed SK Hynix ADRs (U.S.-traded certificates for foreign shares). The turn came after major cloud-related earnings helped lift large tech and chip stocks on July 31, and it was mirrored in South Korea's domestic market, where money flowed into leveraged ETF products and broad index funds. Cash balances were little changed, but margin loans fell to 28.7940 trillion won from 32.1531 trillion won, suggesting investors were becoming more cautious as stock indexes stayed weak.