🔴 South Korea ETF (EWY) is trading 4.5% down today amid global tech selloff and AI cost concerns

South Korea ETF (EWY) is trading 4.5% down today as investors pull back from richly valued Korean equities amid a broader global tech selloff and mounting concerns over AI infrastructure costs.

• The fund's heavy concentration in major chipmakers and technology names makes it particularly sensitive to current volatility in the global tech sector.
• The decline pressures South Korea’s export-heavy market, extending a period of sharp volatility despite the index maintaining strong year-to-date gains.