iShares MSCI South Korea ETF is trading 3.3% down today, extending a period of significant weakness following the recent KOSPI Black Monday crash and a deepening downturn in the semiconductor sector.
- Major Korean chipmakers Samsung and SK Hynix remain under heavy pressure, dragging the broader index lower.
- Overnight risk-off sentiment is being driven by elevated geopolitical tensions and concerns over rising oil prices.
- South Korean equities continue to underperform the global market as regional economic headwinds and sector-specific volatility persist.