iShares MSCI South Korea ETF is trading 5% up today as South Korean equities rebound following the Federal Reserve's decision to hold interest rates steady while maintaining a higher-for-longer stance.

  • The gains reflect a broad recovery in high-beta technology and cyclical sectors as risk sentiment stabilizes following the post-Fed selloff on June 17.
  • Investors are moving back into South Korean markets as the initial volatility surrounding the Fed's policy outlook subsides.