Analysis of Trends in Secondary Battery and Tesla Stocks
Recent negative performance of secondary battery ETFs has been largely driven by a decrease in electric vehicle demand and a decline in Tesla's stock price. The KODEX Secondary Battery Industry Leverage ETF reported a return of -76.72%, highlighting challenges in the battery industry. Experts suggest that while a rebound may not be immediate, long-term trends in electric vehicle adoption and US-China trade rivalry could eventually lead to recovery.
Conversely, retail investors in Korea have demonstrated their faith in Tesla by net purchasing approximately $975.38 million worth of shares, maintaining trust in CEO Musk amidst market volatility. There is optimism that Tesla's stock will recover in the latter half of the year due to its innovations and sales strategies.
In the local ETF market this week, the 'ACE Tesla Value Chain Active' recorded a notable increase of 8.52%, driven by a 17.47% rise in key holding TSLL. This upturn is partially attributed to bargain buying and anticipations surrounding automotive tariffs introduced by President Trump, resulting in a 9.81% lift in Tesla's stock.
KOSPI 200 Inverse 2x ETFs also showed strength inversely correlating with the KOSPI index decline, and a range of newly listed ETFs are signaling upcoming changes in the market landscape.
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[Market+] 'Musk, Only Trust You'… Korean Individual Investors Remain Top Buyers of Tesla Despite Stock Drop - Business PlusKorean individual investors investing in overseas stocks, known as 'Seohak Ants,' once again demonstrated their faith in Tesla (TSLA) in March. The securities industry is optimistic that concerns regarding Tesla will ease in the second half of the year, allowing for a potential rebound in stock prices. All eyes are on whether the 'bet' of these investors will lead to success. According to SEIBRO from the Korea Securities Depository on the 28th, Tesla was the top net purchased stock by Seohak Ants in March, with approximately $975.38 million net purchased. Tesla's stock price fell from $403.84 at the end of last year to $273.13 as of March 27, indicating volatility.