iShares MSCI South Korea ETF is trading 3.9% up today as South Korean equities recover from the recent semiconductor-led market crash and follow-through buying lifts oversold names.
- The fund is rebounding after extreme volatility following the June 8 KOSPI Black Monday crash.
- A sharp improvement in global tech and AI sentiment is driving gains for heavyweight holdings like Samsung Electronics and SK Hynix.
- Renewed demand optimism for AI memory and chips tied to the Nvidia ecosystem is providing significant support for the South Korea-focused fund.