US Stocks Lose Support From Asia’s ‘Buy The Dip’ Retail Traders

When President Donald Trump set off a global stock market slump in April with the announcement of sweeping new tariffs, small investors across Asia rushed to the US stock market to buy the dip. Now, they are backing away.

Retail investors in South Korea turned net sellers of US equities in May for the first time since before Trump’s election victory, while Japanese accounts became net sellers of US exchange-traded funds, according to official data. The number of Singapore traders buying US stocks fell by a quarter in May from the previous month, according to data provided by a local brokerage.