🔴 iShares MSCI South Korea ETF is trading 5.5% down today on continued KOSPI crash fallout and semiconductor selloff

iShares MSCI South Korea ETF is trading 5.5% down today as investors continue to digest the aftermath of the KOSPI Black Monday crash and an 8.4% plunge in Korean equities.

• The decline is being driven by a sharp selloff in semiconductor shares, amplified by global risk-off sentiment and renewed fears regarding higher-for-longer interest rates.
• The ETF’s heavy concentration in Samsung Electronics and SK Hynix has resulted in outsized losses as volatility persists across the global technology and chip sectors.
• Despite early attempts at a rebound tied to AI-chip demand, follow-through selling is pressuring the index and dampening the recovery from yesterday’s sharp bounce.