By Yi Whan-wooHeadquarters of Mirae Asset Group, the parent company of Mirae Asset Securities, in downtown Seoul / Courtesy of Mirae Asset SecuritiesMirae Asset Securities saw its customers’ investment return from overseas shares increase by over 11 trillion won ($7.84 billion) from the beginning of this year, the company announced Friday. 1 securities firm said its clients who bought stocks abroad had a combined 36.5 trillion won in their accounts as of Nov. 12. The amount marked an 11.4 trillion won increase from the amount they had spent to purchase the stocks. Mirae Asset Securities noted the rate of return on investment from the beginning of 2024 totaled 166 percent for Nvidia, 70 percent for Tesla, 60 percent for Apple and 42 percent for Microsoft. Meme stocks are stocks that gain popularity among retail investors through internet memes, which are reproductive forms of information on social media, such as images, videos or texts.

Source: The Nation November 25, 2024 08:32 UTC