[South Korean Retail Investors Adjust Overseas Portfolios After Single-Stock Leverage Threshold Tightened, Shift to Buying U.S. Stocks Directly] Deep Tide TechFlow reports, on August 5, according to South Korean media Daum, after South Korea's financial regulatory authorities raised the investment threshold for single-stock leveraged products, South Korean retail investors began adjusting their overseas portfolios, reducing holdings in high-leverage products and shifting to directly purchasing U.S. stocks. Data shows that since August 1, when the minimum cash margin for single-stock leveraged products was raised to 30 million Korean won, Tesla's 2x leveraged product TSLL experienced significant capital outflows. On August 3, South Korean investors still had net purchases of TSLL amounting to approximately $14.58 million, but on August 4, the purchase amount sharply dropped to $1.56 million, while the sell amount rose to $8.68 million, resulting in a net sell of $7.11 million on the day. In contrast, enthusiasm for buying Tesla stock directly increased significantly. From August 3 to 4, South Korean investors cumulatively net purchased Tesla stock worth approximately $42.3 million, exceeding the net purchase scale of TSLL during the same period by five times. A similar trend was observed in semiconductor stocks. South Korean investors sold leveraged products of Micron and SanDisk while shifting to buying their underlying stocks. For instance, Micron's 2x leveraged product shifted from a net purchase of $10.81 million on August 3 to a net sell of $15.98 million on August 4; SanDisk's two 2x leveraged products also shifted from a net purchase of $17.74 million to a net sell of $33.74 million. During the same period, Micron and SanDisk stocks saw net inflows of approximately $148 million and $145 million, respectively. Currently, leveraged ETFs tracking multi-stock indices such as SOXL and KORU have not been affected by this restriction. Regulatory authorities believe that since their investment targets are diversified indices, the risk dispersion is higher compared to single-stock leveraged products.