South Koreans who bought shares of foreign luxury brands such as Hermes, Louis Vuitton, and Gucci enjoyed higher returns than other local retail investors this year.
According to data from the Korea Securities Depository, investors had net bought US$58.2 million of Hermes stock as of Dec. 15, with the rate of return on their investment estimated at 33.7 percent.
By contrast, there was a 22.2 percent return for Tesla Inc., the most net bought stock by South Korean retail investors.
Among those listed on the French stock market, Hermes International SCA was the most popular to domestic individual investors.
Those who bought Hermes International SCA and LVMH Moet Hennessy Louis Vuitton SE shares in the German stock market enjoyed returns estimated at 24.6 percent and 16.1 percent, respectively.
Kering SA, which holds luxury brand Gucci and the third most net bought stock by individual investors among those listed on the French stock market, turned in a loss of 2.4 percent.
According to Samsung Securities Co., women in their 30s accounted for the largest share of investors in foreign luxury brands, including 28.5 percent in Hermes, 29.7 percent in Louis Vuitton, and 25.9 percent in Kering.


Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate
Every generation thinks they had it the toughest, but for Gen Z, they’re probably right
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Australia’s December Trade Surplus Expands but Falls Short of Expectations
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
The pandemic is still disrupting young people’s careers
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Debate over H-1B visas shines spotlight on US tech worker shortages
India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 



