Amid a political crisis in South Korea, local investors are turning to alternative assets such as cryptocurrency trading and US shares. The 24-hour trading volume of the top five crypto exchanges in South Korea was nearly twice the trading volume of the local stock market. Additionally, South Korean investors are increasingly investing in US shares as they lose faith in the local stock market, with transaction volumes for Tesla shares reaching $7.7 billion. The volatility in the stock market and the decline in the value of the Korean won against the US dollar highlight the repercussions of the political crisis in the country. Analysts project that investment flows could shift further toward overseas markets.
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